Garmin 2008 Annual Report Download - page 101
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79
expectation of future conditions and are recorded as a liability on the balance sheet. The following reconciliation
provides an illustration of changes in the aggregate warranty reserve:
December 27, December 29, December 30,
2008 2007 2006
Balance - beginning of period $71,636 $37,639 $18,817
Accrual for products sold during the period 132,644 98,702 51,080
Expenditures (116,872) (64,705) (32,258)
Balance - end of period $87,408 $71,636 $37,639
Fiscal Year Ended
16. Subsequent Events
On February 4, 2009, Garmin Ltd. and ASUSTeK Computer Inc. announced a strategic alliance that will
leverage the companies’ navigation and mobile telephony expertise to design, manufacture and distribute co-
branded location-centric mobile phones. The mobile phone product line will be known as the Garmin-Asus
nüvifoneTM series.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.