THQ 2010 Annual Report Download - page 69

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61
5. Account s Receivable Allowances
Accounts receivable allowances at March 31, 2010, 2009 and 2008 consisted of the following (in
thousands):
Balance at
Beginning of
Period
Provisions
Deductions
Balance at
End of
Period
Year ended March 31, 2010
Allowance for price protection and returns................................. $75,312 $139,121 $(145,307) $69,126
Allowance for co-op advertising ................................................... 13,327 28,758 (35,417) 6,668
Allowance for doubtful accounts and other ............................... 12,394 118 (10,762) 1,750
Total................................................................................................. $101,033 $167,997 $(191,486) $77,544
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
6. Balance Sheet Details
Inventory.
Inventory at March 31, 2010 and 2009 consisted of the following (in thousands):
March 31,
2010
March 31,
2009
Components............................................................................... $2,447 $2,225
Finished goods .......................................................................... 11,523 23,560
Inventory ................................................................................. $13,970 $25,785
Property and Equipment, net.
Property and equipment, net at March 31, 2010 and 2009 consisted of the
following (in thousands):
Useful
Lives
March 31,
2010
March 31,
2009
Building ................................................................... 30 yrs $730 $730
Land ........................................................................ — 401 401
Computer equipment and software..................... 3-10 yrs 53,454 50,382
Furniture, fixtures and equipment ....................... 5 yrs 7,444 7,705
Leasehold improvements ..................................... 3-6 yrs 12,978 12,686
Automobiles............................................................ 2-5 yrs 78 58
75,085 71,962
Less: accumulated depreciation.......................... (46,711) (38,451)
Property and equipment, net ........................... $28,374 $33,511