Netgear 2008 Annual Report Download - page 87

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Table of Contents
Geographic information
Net revenue by geographic location is as follows (in thousands):
Long-lived assets, comprising fixed assets, are reported based on the location of the asset. Long-lived assets by geographic location are as
follows (in thousands):
Customer concentration (as a percentage of net revenue):
Note 11—Employee Benefit Plan:
In April 2000, the Company adopted the NETGEAR 401(k) Plan to which employees may contribute up to 100% of salary subject to the
legal maximum. Through December 31, 2007, the Company contributed an amount equal to 50% of the employee contributions up to a
maximum of $1,500 per calendar year per employee. Beginning on January 1, 2008 through December 31, 2008, the Company contributed an
amount equal to 100% of the employee contributions up to a maximum of $7,000 per calendar year per employee. The Company expensed $1.3
million, $698,000 and $473,000 related to the NETGEAR 401(k) Plan in the years ended December 31, 2008, 2007 and 2006, respectively.
Note 12—Fair Value of Financial Instruments:
The Company adopted SFAS 157 effective January 1, 2008 for financial assets and liabilities measured on a recurring basis. SFAS 157
applies to all financial assets and financial liabilities that are being measured and reported on a fair value basis. Although there was no impact for
adoption of SFAS 157 to the consolidated financial statements, the Company is now required to provide additional disclosures as part of its
financial statements. In accordance with FSP 157-2, the Company deferred adoption of SFAS 157 as it relates to non-financial assets and
liabilities except those measured at fair value in the financial statements on a recurring
85
Year Ended December 31,
2008
2007
2006
United States
$
297,641
$
273,695
$
220,440
United Kingdom
120,994
183,341
151,026
EMEA (excluding UK)
233,064
197,013
147,208
Asia Pacific and rest of the world
91,645
73,738
54,896
$
743,344
$
727,787
$
573,570
Year Ended December 31,
2008
2007
United States
$
17,632
$
9,459
EMEA
434
578
Asia Pacific and rest of the world
2,226
1,168
$
20,292
$
11,205
Year Ended December 31,
2008
2007
2006
Ingram Micro, Inc.
14
%
17
%
19
%
Tech Data Corporation
11
%
14
%
16
%
All others individually less than 10% of revenue
75
%
69
%
65
%
100
%
100
%
100
%