Harman Kardon 2010 Annual Report Download - page 88
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Harman International Industries, Incorporated and Subsidiaries
(Dollars in thousands, except per-share data and unless otherwise indicated)
Note 5 – Property, Plant & Equipment, net
At June 30, 2010 and 2009, property, plant and equipment from continuing operations consisted of the
following:
Estimated
Useful Lives
(in Years)
June 30,
2010 2009
Land ...................................................... $ 10,370 $ 12,840
Buildings and improvements ................................... 1-50 255,440 287,414
Machinery and equipment ..................................... 3-20 880,364 948,123
Furniture and fixtures ........................................ 3-10 28,137 37,509
Property, plant and equipment, gross ............................ 1,174,311 1,285,886
Less accumulated depreciation and amortization ................... (752,362) (772,060)
Property, plant and equipment, net .............................. $ 421,949 $ 513,826
Note 6 – Accrued Warranties
At June 30, 2010 and 2009, details of our accrued warranties from continuing operations consisted of the
following:
June 30,
2010 2009
Accrued warranties, beginning of year ............................... $116,673 $126,977
Warranty expense ............................................... 54,978 54,103
Warranty payments (cash or in-kind) ................................ (58,568) (52,785)
Other(1) ........................................................ (13,754) (11,622)
Accrued warranties, end of year .................................... $ 99,329 $116,673
(1) Other primarily represents foreign currency translation.
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