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NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
The decrease in accrued payroll and related expenses as of as of January 25, 2009 when compared to January 27, 2008 primarily relates to decreases in
accrued bonus and variable compensation accruals in fiscal year 2009.
(1) Please refer to Note 1 of these Notes to these Consolidated Financial Statements for discussion regarding the nature of accrued customer programs and their
accounting treatment related to our revenue recognition policies and estimates.
(2) Please refer to Note 11 of these Notes to these Consolidated Financial Statements for discussion regarding the warranty accrual.
(3) Please refer to Note 12 of these Notes to these Consolidated Financial Statements for discussion regarding the 3dfx litigation.
January 25,
2009
January 27,
2008
Prepaid Expenses and Other
(In thousands)
Prepaid maintenance
$
11,268
$
10,996
Prepaid insurance
5,400
6,140
Prepaid taxes
3,571
3
Prepaid rent
3,254
2,912
Other
16,301
23,017
Total prepaid expenses and other
$
39,794
$
43,068
January 25,
2009
January 27,
2008
Deposits and Other Assets
(In thousands)
Prepaid maintenance, long term
$
20,005
$
20,958
Lease deposits
10,583
8,372
Investment in non
-
affiliates
6,412
7,481
Other
3,026
1,240
Total deposits and other assets
$
40,026
$
38,051
January 25,
2009
January 27,
2008
Accrued Liabilities:
(In thousands)
Accrued customer programs (1)
$
239,797
$
271,869
Warranty accrual (2)
150,629
5,707
Accrued payroll and related expenses
82,449
122,284
Accrued legal settlement (3)
30,600
30,600
Deferred rent
11,643
11,982
Deferred revenue
3,774
5,856
Other
40,835
26,764
Total accrued liabilities and other
$
559,727
$
475,062
January 25,
2009
January 27,
2008
Other Long Term Liabilities:
(In thousands)
Deferred income tax liability
$
75,252
$
86,900
Income tax payable
49,248
44,235
Asset retirement obligations
9,515
6,469
Other
17,835
24,994
Total other long
-
term liabilities
$
151,850
$
162,598
91