Audiovox 2013 Annual Report Download - page 13
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If our sales during the holiday season fall below our expectations, our annual results could also fall below expectations.
A decline in general economic conditions could lead to reduced consumer demand for the discretionary products we sell.
We have debt outstanding and must comply with restrictive covenants in our debt agreements.
We have recorded, or may record in the future, goodwill and other intangible assets as a result of acquisitions, and changes in future business
conditions could cause these investments to become impaired, requiring substantial write-downs that would reduce our operating income.
A portion of our workforce is represented by labor unions. Collective bargaining agreements can increase our expenses. Labor disruptions could
adversely affect our operations.
We depend on our suppliers to provide us with adequate quantities of high quality competitive products and/or component parts on a timely basis.