iRobot 2009 Annual Report Download - page 110

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standards, which are not yet effective, will not have a material impact on the Company’s consolidated financial
statements upon adoption.
3. Inventory
Inventory consists of the following at:
January 2,
2010
December 27,
2008
(In thousands)
Raw materials ............................................. $ 3,735 $ 3,443
Work in process ............................................ 687 746
Finished goods............................................. 27,984 30,371
$32,406 $34,560
4. Property and Equipment
Property and equipment consists of the following at:
January 2,
2010
December 27,
2008
(In thousands)
Computer and equipment ..................................... $12,789 $11,307
Furniture ................................................. 1,656 1,669
Machinery ................................................ 1,517 1,502
Tooling . ................................................. 3,723 6,454
Leasehold improvements ..................................... 12,579 12,359
Software purchased for internal use ............................. 4,858 5,082
37,122 38,373
Less: accumulated depreciation ................................ 16,892 15,444
$20,230 $22,929
Depreciation expense for the years ended December 27, 2008, December 29, 2007 and December 30, 2006 was
$7.5 million, $6.9 million, and $5.3 million, respectively.
5. Other Assets
Other assets consists of the following at:
January 2,
2010
December 27,
2008
(In thousands)
Goodwill and intangible assets, net .............................. $11,754 $ 9,746
Investment in Advanced Scientific Concepts, Inc. ................... 2,500 2,500
$14,254 $12,246
Goodwill and Intangible assets are the result of the acquisition of Nekton Research, LLC (“Nekton”), See
Notes 13 and 14 to the Consolidated Financial Statements for a more detailed discussion of the Goodwill and
intangible assets, net.
76
iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)