iRobot 2014 Annual Report Download - page 127
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54
December 27,
2014 December 28,
2013
(In thousands)
Computer and equipment $ 15,173 $ 13,715
Furniture 2,297 1,845
Machinery 5,307 3,705
Tooling 18,614 12,228
Leasehold improvements 20,833 15,983
Business applications software 8,214 8,162
70,438 55,638
Less: accumulated depreciation 39,141 31,977
$ 31,297 $ 23,661
Depreciation expense for the years ended December 27, 2014, December 28, 2013 and December 29, 2012 was $9.2
million, $8.1 million, and $9.9 million, respectively.
5. Other Assets
At December 27, 2014, other assets consisted of three investments totaling $10.8 million. At December 28, 2013, other
assets consisted of two investments totaling $10.5 million. These investments are accounted for at cost. The Company regularly
monitors these investments to determine if facts and circumstances have changed in a manner that would require a change in
accounting methodology. Additionally, the Company regularly evaluates whether or not these investments have been impaired
by considering such factors as economic environment, market conditions, operational performance and other specific factors
relating to the businesses underlying the investments. If any such impairment is identified, a reduction in the carrying value of
the investments would be recorded at that time. Since the Company believes the fair value of its investments is greater than the
carrying value of its investments, it has not impaired these investments.
6. Accrued Expenses
Accrued expenses consist of the following at:
December 27,
2014 December 28,
2013
(In thousands)
Accrued warranty $ 7,769 $ 6,497
Accrued direct fulfillment costs 1,346 1,362
Accrued sales tax 867 831
Accrued customer deposits 702 103
Accrued rent 701 726
Accrued sales commissions 531 539
Accrued contractors 217 509
Accrued other 6,568 4,313
$ 18,701 $ 14,880
Form 10-K