Overstock.com 2012 Annual Report Download - page 95
Download and view the complete annual report
Please find page 95 of the 2012 Overstock.com 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
 |
 |
Table of Contents
The fair value of these financial instruments was determined using the following levels of inputs as of December 31, 2011 (in thousands):
In December 2009, we implemented a Non Qualified Deferred Compensation Plan (the "NQDC Plan") for senior management (Note 18
—Employee Retirement Plan). Deferred compensation amounts are invested in mutual funds held in a "rabbi trust" and are restricted for payment to the
participants of the NQDC Plan. We account for our investments held in the trust in accordance with Accounting Standards Codification ("ASC")
No. 320 ". The investments held in the trust are classified as trading securities. The fair value of the
investments held in the trust totaled $264,000 and $302,000 at December 31, 2012 and December 31, 2011, respectively, and are included in Other
current and long-term assets in the consolidated balance sheets. Gains and losses on these investments were immaterial for the years ended
December 31, 2012 and 2011.
Accounts receivable consist primarily of trade amounts due from customers and from uncleared credit card transactions at period end. Accounts
receivable are recorded at invoiced amounts and do not bear interest.
F-8
Assets:
Cash equivalents and restricted cash—Money market mutual funds $ 81,159 $ 81,159 $ — $ —
Trading securities held in a "rabbi trust"(1) 302 302
Total assets $ 81,461 $ 81,461 $ — $ —
Liabilities:
Deferred compensation accrual "rabbi trust"(3) 302 302 — —
Total liabilities $ 302 $ 302 $ — $ —
(1) —Trading securities held in a rabbi trust are included in Other current and long-term assets in the consolidated balance sheets
(Note 18—Employee Retirement Plan).
(2) —Non qualified deferred compensation for rabbi trust is included in Accrued liabilities and Other long-term liabilities in the
consolidated balance sheets (Note 18—Employee Retirement Plan).
(3) —The fair value was determined based on the income approach, in which we used internal cash flow projections over the life of
the underlying lease agreements discounted based on a credit adjusted risk-free rate of return. See the roll forward related to the
restructuring accrual at Note 3—Restructuring Expense.