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This excerpt taken from the VRSN 10-Q filed Nov 5, 2007. Note 7. Other Balance Sheet Items Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following:
The Company recorded an $80.0 million receivable for the settlement of the Securities Litigation and Derivative Litigation as of December 31, 2006. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007. Other Assets Other assets consist of the following:
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Table of ContentsVERISIGN, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (Unaudited)
Long-term note receivable as of September 30, 2007, included a working capital loan provided under a promissory note to the joint ventures described in Note 3, “Joint Ventures.” The promissory note bears an interest rate of 6% per annum and is receivable in December 2011. The promissory note may be optionally prepaid by the borrower at any time before maturity. During the three months ended September 30, 2007, the Company recorded approximately $4.4 million for an other-than-temporary impairment of an equity investment. Debt issuance costs as of September 30, 2007, primarily included costs incurred upon the issuance of the convertible debentures, as described in Note 10, “Junior Subordinated Convertible Debentures.” Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following:
This excerpt taken from the VRSN 10-Q filed Aug 9, 2007. Note 7. Other Balance Sheet Items Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following:
Prepaid expenses as of June 30, 2007 exclude Jamba’s prepaid expenses due to the divestiture of a majority stake in Jamba in January 2007 as a result of the joint ventures with Fox. The Company had recorded an $80.0 million receivable to account for the settlement of the Securities Litigation and Derivative Litigation as of December 31, 2006. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007. Other current assets as of June 30, 2007, exclude Jamba’s other current assets which primarily consisted of VAT receivable, due to the divestiture of majority stake in Jamba in January 2007.
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Table of ContentsOther Assets, net Other assets, net, consist of the following:
Long-term note receivable as of June 30, 2007 included a working capital loan provided under a promissory note to the joint ventures described in Note 3, “Joint Ventures”. The promissory note bears an interest rate of 6% per annum and is receivable in December 2011. The promissory note may be optionally prepaid by the borrower at any time before maturity. Long-term investments decreased during the six months ended June 30, 2007 by approximately $3.5 million due to the sale of equity investments. Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following:
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Table of ContentsThis excerpt taken from the VRSN 10-Q filed Jul 16, 2007. Note 8. Other Balance Sheet Items Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following:
Prepaid expenses as of March 31, 2007 excludes Jamba’s prepaid expenses due to the divestiture of a majority stake in Jamba in January 2007 as a result of the joint ventures with Fox. The Company had recorded an $80.0 million receivable to account for the settlement of the Securities Litigation and Derivative Litigation as of December 31, 2006. Under the terms of the settlement, liability insurers for the Company and its directors and officers paid $80.0 million in settlement of the lawsuits during the three months ended March 31, 2007. Other Assets, net Other assets, net, consist of the following:
Long-term note receivable as of March 31, 2007 included a working capital loan provided under a promissory note to an unconsolidated entity under the joint ventures described in Note 4, “Joint Ventures”, of the Notes to Condensed Consolidated Financial Statements. The promissory note bears an interest rate of 6% per annum and is receivable in December 2011. The promissory note may be optionally prepaid by the borrower at any time before maturity.
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Table of ContentsAccounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following:
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