Sunbeam 2004 Annual Report Download - page 58

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Jarden Corporation
Notes to Consolidated Financial Statements (cont’d)
December 31, 2004
The Company’s sales are principally within the United States. Our international operations are
mainly based in Canada, Spain, Mexico and the U.K. Export sales are also made to countries in Europe,
Latin America, the Caribbean and the Pacific Rim. Net sales of the Company’s products outside of North
America were $43.8 million, $15.0 million and $7.3 million or on a percentage basis, 5.2%, 2.6% and
2.0%, in 2004, 2003 and 2002, respectively. Long-lived assets located outside of North America are not
material.
6. Inventories
Inventories were comprised of the following:
As of December 31,
(thousands of dollars) 2004 2003
Raw materials and supplies ..................................... $ 20,580 $ 15,254
Work in process .............................................. 10,874 6,653
Finished goods ............................................... 122,726 83,666
Total inventories .......................................... $154,180 $105,573
7. Intangibles
As of December 31, 2004 and 2003, the Company recorded the following amounts for intangible
assets by segment (the Company allocates intangible assets based on which segment the subsidiary that
gave rise to the intangible asset is included in):
(in millions)
Branded
Consumables
Consumer
Solutions Total
2004
Intangible assets not subject to amortization:
Goodwill ......................................... $376.6 $ 91.1 $467.7
Trademarks ...................................... 73.9 56.1 130.0
Intangible assets not subject to amortization ....... 450.5 147.2 597.7
Intangible assets subject to amortization:
Non-compete agreement ........................... 1.1 — 1.1
Manufacturing processes and expertise ............... — 6.5 6.5
Accumulated amortization .......................... (0.5) (2.4) (2.9)
Net amount of intangible assets subject to
amortization ................................ 0.6 4.1 4.7
Total goodwill and other intangible assets ......... $451.1 $151.3 $602.4
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