TiVo 2013 Annual Report Download - page 74
Download and view the complete annual report
Please find page 74 of the 2013 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
 |
 |
from banks for customer credit card, debit card and EBT transactions that take in excess of three days to process are classified as accounts
receivable. As of January 31, 2014 and 2013 the Company had approximately $5.6 million and $4.6 million, respectively, of unbilled
accounts receivable related to MSO service revenue and $8.2 million and $10.1 million, respectively, of unbilled accounts receivable related
to technology revenue from AT&T.
TiVo maintains an allowance for doubtful accounts to reserve for potentially uncollectible trade receivables. The Company reviews its trade
receivable by aging category to identify significant customers with known disputes or collection issues. For accounts not specifically identified,
the Company provides allowances based on the age of the receivable. In determining the allowance, the Company makes judgments about
the credit-worthiness of significant customers based on ongoing credit evaluations. TiVo also considers its historical level of credit losses and
current economic trends that might impact the level of future credit losses.
Allowance for doubtful
accounts:
Fiscal year ended:
January 31, 2014 $ 362 $ 253 $ (186)$429
January 31, 2013 $370 $219 $(227)$ 362
January 31, 2012 $275 $476 $(381)$370
(*) Deductions/additions related to the allowance for doubtful accounts represent amounts written off against the allowance, less recoveries.
Inventories consist primarily of finished DVR units and accessories and are stated at the lower of cost or market on an aggregate basis,
with cost determined using the first-in, first-out method. The Company performs a detailed assessment of excess and obsolete inventory and
purchase commitments at each balance sheet date, which includes a review of, among other factors, demand requirements and market
conditions. Based on this analysis, the Company records adjustments, when appropriate, to reflect inventory of finished products and
materials on hand at lower of cost or market and to reserve for products and materials which are not forecasted to be used in future
production.
Property and equipment are stated at cost less accumulated depreciation. Maintenance and repair expenditures are expensed as incurred.
Depreciation is computed using the straight-line method over estimated useful lives as follows:
Furniture and fixture 3-5 years
Computer and office equipment 3-5 years
Lab equipment 3 years
Leasehold improvements The shorter of 7 years or the term of the lease
Capitalized software for internal use 1-5 years
Software development costs are capitalized when a product’s technological feasibility has been established by completion of a working
model of the product and amortization begins when a product is available for general release to customers. The period between the
development of a working model and the release of the final product to customers is short, and, therefore, the development costs incurred
during this short period are immaterial and, as such, are not capitalized.
71