Sunbeam 2007 Annual Report Download - page 121

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On April 6, 2007, the Company completed the acquisition of Pure Fishing, a privately held company. The
Company has excluded Pure Fishing’s internal controls over financial reporting for fiscal year 2007 from its
assessment of and conclusion on the effectiveness of its internal controls over financial reporting. Pure Fishing
constituted approximately 10% of the Company’s consolidated assets at December 31, 2007 and 5% of the
Company’s net sales for the year ended December 31, 2007.
The effectiveness of the Company’s internal control over financial reporting as of December 31, 2007 has
been audited by the Company’s independent auditor, Ernst & Young LLP, an independent registered public
accounting firm and issued their audit report expressing an unqualified opinion on the Company’s internal
control over financial reporting, as stated in their report which is included elsewhere herein.
Changes in Internal Control Over Financial Reporting
During the fourth quarter ended December 31, 2007, there was no change in internal controls over financial
reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that materially affected, or is
reasonably likely to materially affect, the Company’s internal control over financial reporting.
Item 9B. Other Information
Not Applicable.
109