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These excerpts taken from the VRSN 10-K filed Mar 3, 2009. Other charges
In 2008, we recorded a loss of $79.1 million in continuing operations as a result of the sale of certain Mountain View facilities. The sale of the Mountain View facilities was consummated as a result of our 2008 restructuring plan to divest or wind down our non-core businesses. In 2007, we recognized an impairment charge of $4.3 million for property and equipment, net, of the former Content Services business reporting, which is classified as continuing operations. In 2007, we recorded additional other charges of $9.0 million for excess and obsolete property and equipment, specifically related to a significant change in the operations of an asset group. Of the total consolidated other charges, $0.9 million relates to discontinued operations in 2007.
Other charges
Other charges comprised of excess and obsolete property and equipment that were impaired, disposed off or abandoned.
In 2008, VeriSign recorded a loss of $79.1 million in continuing operations as a result of the sale of a portion of its Mountain View facilities, as described in Note 8, Other Balance Sheet Items. The sale of the Mountain View facilities was consummated as a result of the 2008 restructuring plan to divest or wind down the non-core businesses.
In 2007, VeriSign recognized an impairment charge of $4.3 million for property and equipment, of the former Content Services reporting unit as a result of the impairment test conducted as required by SFAS 144 as of December 31, 2007. VeriSign also recorded additional charges of approximately $9.0 million, primarily for the abandonment of obsolete property and equipment and impairment specifically related to a significant change in the operations of an asset group. Of the total consolidated other charges in 2007, $0.9 million related to discontinued operations.
This excerpt taken from the VRSN 10-Q filed Nov 7, 2008. Other charges During the nine months ended September 30, 2008, we recorded a loss of $79.1 million in continuing operations as a result of the sale of certain Mountain View facilities. The sale of the Mountain View facilities was consummated during the second quarter of 2008 as a result of our 2008 restructuring plan to divest or wind down our non-core businesses. During the three and nine months ended September 30, 2007, we recorded a charge of $0.5 million and $8.9 million, respectively, for excess and obsolete property and equipment. Of the total consolidated other charges, $0.1 million and $0.9 relates to discontinued operations for the three and nine months ended September 30, 2007, respectively.
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Table of ContentsThis excerpt taken from the VRSN 10-Q filed Aug 8, 2008. Other charges During the second quarter of 2008, we recorded a loss of $79.1 million as a result of the sale of certain Mountain View facilities. The sale of the Mountain View facilities was consummated as a result of our 2008 restructuring plan to divest or wind down our non-core businesses. During the three and six months ended June 30, 2007, we recorded a charge of $6.2 million and $8.5 million, respectively, for excess and obsolete property and equipment. Of the total consolidated other charges, $0.2 million relates to discontinued operations for the six months ended June 30, 2007. This excerpt taken from the VRSN 10-Q filed May 12, 2008. Other charges During the three months ended March 31, 2007, VeriSign recorded a charge of $2.2 million for excess and obsolete property and equipment.
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Table of ContentsVERISIGN, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Continued) (Unaudited)
This excerpt taken from the VRSN 10-K filed Feb 29, 2008. Other charges
Other charges comprised of excess and obsolete property and equipment that were impaired, disposed of or abandoned. During 2007, VeriSign recognized an impairment charge of $4.3 million for property and equipment, net, of the Content Services business reporting unit as a result of the impairment test conducted as required by SFAS 144 as of December 31, 2007. During 2007, VeriSign recorded additional other charges of approximately $9.0 million, primarily for the abandonment of obsolete property and equipment and impairment specifically related to a significant change in the operations of an asset group. During 2005, VeriSign recorded an impairment of approximately $22.4 million relating to the abandonment of the development efforts related to an internally developed software project.
This excerpt taken from the VRSN 10-Q filed Nov 5, 2007. Other charges Other charges comprised of excess and obsolete property and equipment that were impaired, disposed of or abandoned. During the three and nine months ended September 30, 2007, VeriSign recorded other charges of approximately $0.5 million and $8.9 million, respectively, primarily for the abandonment of obsolete property and equipment and impairment specifically related to a significant change in the operations of an asset group. This excerpt taken from the VRSN 10-Q filed Aug 9, 2007. Other Charges Other charges comprised of excess and obsolete property and equipment that were impaired, disposed of or abandoned. During the three and six months ended June 30, 2007, VeriSign recorded other charges of approximately $6.2 million and $8.5 million primarily for the abandonment of obsolete property and equipment and impairment specifically related to a significant change in the operations of an asset group.
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Table of ContentsThis excerpt taken from the VRSN 10-Q filed Jul 16, 2007. Other Charges Other charges comprised of excess and obsolete property and equipment that were, disposed of or abandoned. During the three months ended March 31, 2007, VeriSign recorded a charge of approximately $2.2 million for excess and obsolete property and equipment.
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Table of ContentsThis excerpt taken from the VRSN 10-K filed Mar 13, 2006. Other charges
During 2005, VeriSign recorded other charges of approximately $21.6 million, relating to the abandonment of the development efforts related to an internally developed software project. During 2004, VeriSign recorded other charges of approximately $20.1 million relating to certain asset write-offs.
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Table of ContentsVERISIGN, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued)
DECEMBER 31, 2005, 2004 AND 2003
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