Garmin 2009 Annual Report Download - page 104

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Netsales,long‐livedassets(propertyandequipment),andnetassetsbygeographicareaareasfollowsas
ofandfortheyearsendedDecember26,2009,December27,2008,andDecember29,2007:
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North
America Asia Europe Total
December26,2009
Netsalestoexternalcustomers 1,972,451$ 149,920$ 824,069$ 2,946,440$
Longlivedassets 233,573 153,878 53,887 441,338
Netassets 1,177,849 1,467,903 190,695 2,836,447
December27,2008
Netsalestoexternalcustomers $2,333,585 $144,740 $1,015,752 $3,494,077
Longlivedassets 221,158 168,528 55,566 445,252
Netassets 687,638 1,371,240 166,976 2,225,854
December29,2007
Netsalestoexternalcustomers $2,066,823 $144,155 $969,341 $3,180,319
Long‐livedassets 185,838 143,181 45,128 374,147
Netassets 908,267 1,309,783 132,564 2,350,614
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BestBuy,acustomerintheoutdoor/fitness,marine,andauto/mobilesegments,accountedfor13.4%and
12.0%oftheCompany’sconsolidatednetsalesintheyearendedDecember26,2009andDecember27,2008,
respectively.
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9.StockCompensationPlans

AccountingforStock‐BasedCompensation
ThevariousCompanystockcompensationplansaresummarizedbelow:
2005EquityIncentivePlan
InJune2005,theshareholdersadoptedanequityincentiveplan(the“2005Plan”)providingforgrantsof
incentiveandnonqualifiedstockoptions,stockappreciationrights(“SARs”),restrictedstockunits(“RSUs”)and/or
performancesharestoemployeesoftheCompanyanditssubsidiaries,pursuanttowhichupto10,000,000
commonshareswereavailableforissuance.Thestockoptionsandstockappreciationrightsvestevenlyovera
periodoffiveyearsorasotherwisedeterminedbytheBoardofDirectorsortheCompensationCommitteeand
generallyexpiretenyearsfromthedateofgrant,ifnotexercised.During2009,2008and2007,theCompany
granted0,1,454,050and2,838,200stockappreciationrights,respectively.During2009,2008and2007,470,950,
1,043,800,and0restrictedstockunitsweregrantedunderthe2005Plan.In2009,2008,and2007,0,30,000and
0performanceshareswerealsograntedunderthe2005Plan.
2000EquityIncentivePlan
InOctober2000,theshareholdersadoptedanequityincentiveplan(the“2000Plan”)providingforgrants
ofincentiveandnonqualifiedstockoptions,stockappreciationrights(“SARs”),restrictedstockunits(“RSUs”)
and/orperformancesharestoemployeesoftheCompanyanditssubsidiaries,pursuanttowhichupto7,000,000
commonshareswereavailableforissuance.Thestockoptionsandstockappreciationrightsvestevenlyovera
periodoffiveyearsorasotherwisedeterminedbytheBoardofDirectorsortheCompensationCommitteeand
generallyexpiretenyearsfromthedateofgrant,ifnotexercised.During2009,2008,and2007,theCompany
granted0,0,and20,000stockappreciationrights.