Invacare 2012 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2012 Invacare 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
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
Installment receivables with a related allowance recorded as noted in the table above represent those
installment receivables on a non-accrual basis in accordance with ASU 2010-20. As of December 31, 2012, the
company had no U.S. installment receivables past due of 90 days or more for which the company is still accruing
interest. Individually, all U.S. installment receivables are assigned a specific allowance for doubtful accounts
based on management’s review when the company does not expect to receive both the contractual principal and
interest payments as specified in the loan agreement. However, while the full balance may be deemed to be
impaired, the company does historically collect a large percentage of the principal of its U.S. installment
receivables.
In Canada, the company had an immaterial amount of installment receivables which were past due of
90 days or more as of December 31, 2012 and December 31, 2011 for which the company is still accruing
interest.
The aging of the company’s installment receivables was as follows as of December 31, 2012 and
December 31, 2011 (in thousands):
December 31, 2012 December 31, 2011
Total U.S. Canada Total U.S. Canada
Current .............. $ 1,467 $ — $ 1,467 $ 5,612 $ — $ 5,612
0-30 Days Past Due .... 43 — 43 84 — 84
31-60 Days Past Due . . . 2 — 2 42 — 42
61-90 Days Past Due . . . — — — 8 — 8
90+ Days Past Due ..... 4,976 4,508 468 6,175 6,116 59
$ 6,488 $ 4,508 $ 1,980 $ 11,921 $ 6,116 $ 5,805
Inventories
Inventories, net of reserves, as of December 31, 2012 and 2011 consist of the following (in thousands):
2012 2011
Finished goods .................................................. $ 94,675 $ 92,337
Raw materials .................................................. 71,596 63,244
Work in process ................................................. 16,975 13,139
$ 183,246 $ 168,720
FS-15