THQ 2009 Annual Report Download - page 81

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3. Accounts Receivable Allowances
Accounts receivable allowances at March 31, 2009, 2008 and 2007 consist of the following (in thousands):
Balance at Balance at
Beginning of End of
Period Provisions Deductions Period
Year ended March 31, 2009
Allowance for price protection and returns .......... $ 92,788 194,562 $(212,038) $ 75,312
Allowance for co-op advertising .................. 19,907 53,309 (59,889) 13,327
Allowance for doubtful accounts and other .......... 346 14,412 (2,364) 12,394
Total ..................................... $113,041 $262,283 $(274,291) $101,033
Year ended March 31, 2008
Allowance for price protection and returns .......... $ 66,071 $185,921 $(159,204) $ 92,788
Allowance for co-op advertising .................. 13,612 48,008 (41,713) 19,907
Allowance for doubtful accounts and other .......... 866 67 (587) 346
Total ..................................... $ 80,549 $233,996 $(201,504) $113,041
Year ended March 31, 2007
Allowance for price protection and returns .......... $ 48,223 $128,454 $(110,606) $ 66,071
Allowance for co-op advertising .................. 8,440 40,726 (35,554) 13,612
Allowance for doubtful accounts and other .......... 1,157 975 (1,266) 866
Total ..................................... $ 57,820 $170,155 $(147,426) $ 80,549
4. Balance Sheet Details
Inventory. Inventory at March 31, 2009 and 2008 consists of the following (in thousands):
March 31, March 31,
2009 2008
Components ..................................... $ 2,225 $ 1,849
Finished goods .................................... 23,560 36,391
Inventory ...................................... $25,785 $38,240
Property and Equipment, net. Property and equipment, net at March 31, 2009 and 2008 consists of the
following (in thousands):
Useful March 31, March 31,
Lives 2009 2008
Building ................................. 30 yrs $ 730 $ 730
Land................................... — 401 401
Computer equipment and software ............. 3-10 yrs 50,382 63,646
Furniture, fixtures and equipment .............. 5 yrs 7,705 9,476
Leasehold improvements ..................... 3-6 yrs 12,686 15,715
Automobiles .............................. 2-5 yrs 58 105
71,962 90,073
Less: accumulated depreciation ................ (38,451) (39,608)
Property and equipment, net ................ $33,511 $ 50,465
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