Overstock.com 2009 Annual Report Download - page 52

Table of Contents
Recognition of co-branded credit card bounty revenue and promotion expense over the estimated term of the credit card relationships. Previously
the revenue was incorrectly recognized when the card was issued.
Reduction in the restructuring accrual and correction of the related expense due to a 2008 sublease benefit which was previously excluded from
the accrual calculation and the accretion of interest expense related to the restructuring accrual, which was not previously recorded.
Change in our accounting for external audit fees to the "as incurred" method instead of the "ratable" method.
Other miscellaneous adjustments, none of which were material either individually or in the aggregate. Certain of these adjustments were related
to a reduction in revenue and cost of goods sold in equal amounts for certain consideration we received from vendors, an increase in inventory,
accounts payable and accrued liabilities to record our sales return allowance on a gross basis, an adjustment to our cash and restricted cash
balances due to compensating balance arrangements and an adjustment to record redeemable common stock for certain shares previously issued
to employees.
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