cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
values | sentenceCount int64 0 2.33k | sentence stringlengths 2 5.25k | filename stringlengths 40 40 |
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0000320193 | 20031219 | 10-K | 1,452 | This gain was deferred, recognized in long-term debt and is being amortized to other income and expense over the remaining life of the debt. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,453 | Debt
The Company currently has debt outstanding in the form of $300 million of aggregate principal amount 6.5% unsecured notes that were originally issued in 1994. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,454 | The notes, which pay interest semiannually, were sold at 99.925% of par, for an effective yield to maturity of 6.51%. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,455 | The notes, along with approximately $4 million of related unamortized deferred gains on closed interest rate swaps, are due in February of 2004 and therefore have been classified as current debt as of September 27, 2003. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,456 | As of September 27, 2003 and September 28, 2002, the carrying amount of these notes, including unamortized deferred gains associated with closed debt interest rate swaps, was $304 million and $316 million, respectively, while the fair value was $302 million and $299 million, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,457 | The fair value of the notes is based on their listed market values as of September 27, 2003 and September 28, 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,458 | Non-Current Debt and Equity Investments and Related Gains and Losses
The Company has held investments in EarthLink, Inc. (EarthLink), Akamai Technologies, Inc. (Akamai), ARM Holdings plc (ARM), and Samsung Electronics Co., Ltd (Samsung). | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,459 | These investments have been reflected in the consolidated balance sheets as long term assets within other assets and have been categorized as available-for-sale requiring that they be carried at fair value with unrealized gains and losses, net of taxes, reported in equity as a component of accumulated other comprehensi... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,460 | All realized gains on the sale of these investments have been included in total other income and expense. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,461 | The combined fair value of these investments held by the Company was $5 million and $39 million as of September 27, 2003 and September 28, 2002, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,462 | EarthLink
In January 2000, the Company invested $200 million in EarthLink, an Internet service provider (ISP). | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,463 | The investment was in EarthLink's Series C Convertible Preferred Stock, which was convertible by the Company after January 4, 2001, into approximately 7.1 million shares of EarthLink common stock. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,464 | Concurrent with this investment, EarthLink and the Company entered into a multi-year agreement to deliver ISP service to Macintosh users in the United States. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,465 | Under the terms of the agreement, the Company profits from each new Mac customer that subscribes to EarthLink's ISP service for a specified period of time, and EarthLink is the default ISP in the Company's Internet Setup Software included with all Macintosh computers sold in the United States. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,466 | During the first quarter of 2003, the Company sold 2,580,000 shares of EarthLink stock for net proceeds of approximately $13.7 million, an amount that approximated the Company's carrying value of the shares. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,467 | During the third quarter of 2003, the Company sold all of its remaining holdings in EarthLink, consisting of 3,960,000 shares of stock for net proceeds of approximately $23 million, and a gain before taxes of $2 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,468 | During the first quarter of 2002, the Company sold 117,000 shares of EarthLink stock for net proceeds of $2 million and a gain before taxes of $223,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,469 | No sales of EarthLink were made in any of the subsequent quarters of fiscal 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,470 | However, during the fourth quarter of 2002, the Company determined that the then current decline in the fair value of its investment in EarthLink was other-than-temporary. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,471 | As a result, the Company recognized a $44 million charge to earnings to write-down the basis of its investment in EarthLink to $35 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,472 | This charge was included in gains (losses) on non-current investments, net. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,473 | As of September 28, 2002, the Company held 6.5 million shares of EarthLink stock valued at $35 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,474 | During the second quarter of 2001, the Company determined that the decline in the fair value of its investment in EarthLink was other-than-temporary requiring that its cost basis be written down to fair value as a new cost basis and the amount of the write-down be included in earnings. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,475 | As a result, the Company recognized a $114 million charge to earnings to write-down the basis of its investment in EarthLink to $86 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,476 | This charge was included in gains (losses) on non-current investments, net. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,477 | During the fourth quarter of 2001, the Company sold a total of approximately 425,000 shares of EarthLink stock for net proceeds of approximately $6 million, recorded a gain before taxes of approximately $800,000, and recognized related income tax of approximately $200,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,478 | Akamai
In June 1999, the Company invested $12.5 million in Akamai, a global Internet content delivery service. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,479 | The investment was in the form of convertible preferred stock that converted into 4.1 million shares of Akamai common stock (adjusted for subsequent stock splits) at the time of Akamai's initial public offering in October 1999. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,480 | Beginning in the first quarter of 2000, the Company categorized its shares in Akamai as available-for-sale. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,481 | During the fourth quarter of 2003, the Company sold 1,875,000 shares of Akamai stock for net proceeds of $9 million and a gain before taxes of $8 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,482 | As of September 27, 2003, the Company's remaining investment in Akamai consists of 986,000 shares of Akamai stock valued at $5 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,483 | During the first quarter of 2002, the Company sold 250,000 shares of Akamai stock for net proceeds of $2 million and a gain before taxes of $710,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,484 | No sales of Akamai were made in any of the subsequent quarters of fiscal 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,485 | However, during the fourth quarter of 2002, the Company determined that the decline in the fair value of its investment in Akamai was other-than-temporary. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,486 | As a result, the Company recognized a $6 million charge to earnings to write-down the basis of its investment in Akamai to $3 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,487 | This charge was included in gains (losses) on non-current investments, net. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,488 | As of September 28, 2002, the Company held 2.9 million shares of Akamai stock valued at $3 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,489 | During 2001, the Company sold a total of approximately 1 million shares of Akamai stock for net proceeds of approximately $39 million and recorded a gain before taxes of approximately $36 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,490 | ARM
ARM is a publicly held company in the United Kingdom involved in the design and licensing of high performance microprocessors and related technology. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,491 | During the third quarter of 2003, the Company sold all of its remaining holdings in ARM stock, consisting of 278,000 shares for net proceeds of approximately $295,000, and a gain before taxes of $270,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,492 | During the first quarter of 2002, the Company sold 4.7 million shares of ARM stock for both net proceeds and a gain before taxes of $21 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,493 | No sales of ARM were made in any of the subsequent quarters of fiscal 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,494 | As of September 28, 2002, the Company held 278,000 shares of ARM stock valued at $578,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,495 | During 2001, the Company sold a total of approximately 29.8 million shares of ARM stock for net proceeds of approximately $176 million, recorded a gain before taxes of approximately $174 million, and recognized related income tax expense of approximately $52 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,496 | Samsung
During the fourth quarter of 1999, the Company invested $100 million in Samsung to assist in the further expansion of Samsung's TFT-LCD flat-panel display production capacity. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,497 | The investment was in the form of three year unsecured bonds, which were convertible into approximately 550,000 shares of Samsung common stock beginning in July 2000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,498 | The bonds carried an annual coupon rate of 2% and paid a total yield to maturity of 5% if redeemed at maturity. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,499 | Prior to its sale, the Company had categorized its investment in Samsung as available-for-sale requiring that it be carried at fair value with unrealized gains and losses, net of taxes, reported in equity as a component of accumulated other comprehensive income. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,500 | The fair value of the Company's investment in Samsung was approximately $123 million as of September 30, 2000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,501 | With the adoption of SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,502 | 133 on October 1, 2000, the Company was required to account for the conversion option embedded in the Samsung bonds separately from the related debt. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,503 | The conversion feature was carried at fair value with any changes in fair value recognized in earnings in the period in which they occur. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,504 | Included in the $17 million gross SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,505 | 133 transition adjustment recorded in earnings during the first quarter of fiscal 2001 was a $23 million favorable adjustment for the restatement to fair value as of October 1, 2000, of the derivative component of the Company's investment in Samsung. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,506 | To adjust the carrying value of the derivative component of its investment in Samsung to fair value as of December 30, 2000, the Company recognized an unrealized loss of approximately $13 million during the first quarter of 2001. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,507 | During the second quarter of 2001, the Company sold this investment for book value, including accrued interest, and received net proceeds of approximately $117 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,508 | Other Strategic Investments
The Company has made additional minority debt and equity investments in several privately held technology companies, which were reflected in the consolidated balance sheets in other assets. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,509 | These investments were inherently risky because the products and/or markets of these companies were typically not fully developed. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,510 | During 2002 and 2001, the Company determined that the decline in fair value of certain of these investments was other-than-temporary and, accordingly, recognized a charge to earnings of $15 million and $8 million, respectively. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,511 | These charges were included in gains (losses) on non-current investments, net. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,512 | As of September 27, 2003 and September 28, 2002, the Company had no private debt or equity investments reflected in its consolidated balance sheets. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,513 | Note 3-Consolidated Financial Statement Details (in millions)
Inventories
Other Current Assets
Property, Plant, and Equipment
Other Assets
Accrued Expenses
Interest and Other Income, Net
Note 4-Acquisitions
Goodwill and Other Intangible Assets
The Company is currently amortizing its acquired intangible assets with defi... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,514 | The Company ceased amortization of goodwill at the beginning of fiscal 2002 when it adopted SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,515 | 142. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,516 | The following table summarizes the components of gross and net intangible asset balances (in millions):
(a)Accumulated amortization related to goodwill of $55 million arising prior to the adoption of SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,517 | 142 has been reflected in the gross carrying amount of goodwill as of September 27, 2003 and September 28, 2002. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,518 | Expected annual amortization expense related to acquired technology is as follows (in millions):
Amortization expense related to acquired intangible assets is as follows (in millions):
Net loss and net loss per share adjusted to exclude amortization of goodwill in fiscal periods prior to the adoption of SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,519 | 142 in fiscal 2002 follows (in millions, except per share amounts):
Acquisition of Emagic GmbH
During the fourth quarter of 2002, the Company acquired Emagic GmbH (Emagic), a provider of professional software solutions for computer based music production, for approximately $30 million in cash; $26 million of which was ... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,520 | During fiscal 2003, contingent consideration totaling $1.3 million was paid. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,521 | The acquisition has been accounted for as a purchase. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,522 | The portion of the purchase price allocated to purchased in-process research and development (IPR&D) was expensed immediately, and the portion of the purchase price allocated to acquired technology and to tradename will be amortized over their estimated useful lives of 3 years. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,523 | Goodwill associated with the acquisition of Emagic is not subject to amortization pursuant to the provisions of SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,524 | 142. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,525 | Total consideration was allocated as follows (in millions):
The amount of the purchase price allocated to IPR&D was expensed upon acquisition, because the technological feasibility of products under development had not been established and no alternative future uses existed. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,526 | The IPR&D relates primarily to Emagic's Logic series technology and extensions. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,527 | At the date of the acquisition, the products under development were between 43%-83% complete, and it was expected that the remaining work would be completed during the Company's fiscal 2003 at a cost of approximately $415,000. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,528 | The remaining efforts, which were completed in 2003, included finalizing user interface design and development, and testing. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,529 | The fair value of the IPR&D was determined using an income approach, which reflects the projected free cash flows that will be generated by the IPR&D projects and that are attributable to the acquired technology, and discounting the projected net cash flows back to their present value using a discount rate of 25%. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,530 | Acquisition of certain assets of Zayante, Inc., Prismo Graphics, and Silicon Grail
During fiscal 2002 the Company acquired certain technology and patent rights of Zayante, Inc., Prismo Graphics, and Silicon Grail Corporation for a total of $20 million in cash. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,531 | These transactions have been accounted for as asset acquisitions. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,532 | The purchase price for these asset acquisitions, except for $1 million identified as contingent consideration which will be allocated to compensation expense over the next 3 years, has been allocated to acquired technology and will be amortized on a straight-line basis over 3 years, except for certain assets acquired f... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,533 | Acquisition of Nothing Real, LLC
During the second quarter of 2002, the Company acquired certain assets of Nothing Real, LLC (Nothing Real), a privately-held company that develops and markets high performance tools designed for the digital image creation market. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,534 | Of the $15 million purchase price, the Company has allocated $7 million to acquired technology, which will be amortized over its estimated life of 5 years. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,535 | The remaining $8 million, which has been identified as contingent consideration, rather than recorded as an additional component of the cost of the acquired assets, will be allocated to future compensation expense in the appropriate periods over the next 3 years. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,536 | Acquisition of Spruce Technologies, Inc. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,537 | In July 2001, the Company acquired Spruce Technologies, Inc. (Spruce), a privately-held company that develops and markets DVD authoring products, for $14.9 million in cash. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,538 | Goodwill associated with the acquisition of Spruce is not subject to amortization pursuant to the transition provisions of SFAS No. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,539 | 142. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,540 | The consolidated financial statements include the operating results of Spruce from the date of acquisition. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,541 | Total consideration was allocated as follows (in millions):
Acquisition of PowerSchool, Inc. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,542 | In May 2001, the Company acquired PowerSchool, Inc. (PowerSchool), a provider of web-based student information systems for K-12 schools and districts that enable schools to record, access, report, and manage their student data and performance in real-time, and gives parents real-time web access to track
their children'... | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,543 | The consolidated financial statements include the operating results of PowerSchool from the date of acquisition. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,544 | The purchase price of approximately $66.1 million consisted of the issuance of approximately 2.4 million shares of the Company's common stock with a fair value of $61.2 million, the issuance of stock options with a fair value of $4.5 million, and $300,000 of direct transaction costs. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,545 | The fair value of the common stock options issued was determined using a Black-Scholes option pricing model with the following assumptions: volatility of 67%, expected life of 4 years, dividend rate of 0%, and risk-free rate of 4.73%. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,546 | Total consideration was allocated as follows (in millions):
The amount of the purchase price allocated to IPR&D was expensed upon acquisition, because the technological feasibility of products under development had not been established and no alternative future uses existed. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,547 | The IPR&D relates to technologies representing processes and expertise employed to design, develop, and deploy a functioning, scalable web-based student information system for use by K-12 schools. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,548 | At the date of the acquisition, the product under development was approximately 50% complete, and it was expected that the remaining 50% would be completed during the Company's fiscal 2002 at a cost of approximately $9.25 million. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,549 | The remaining efforts, which were completed in 2002, included completion of coding, finalizing user interface design and development, and testing. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,550 | The fair value of the IPR&D was determined using an income approach, which reflects the projected free cash flows that will be generated by the IPR&D projects and that are attributable to the acquired technology, and discounting the projected net cash flows back to their present value using a discount rate of 25%. | 0001047469-03-041604/full-submission.txt |
0000320193 | 20031219 | 10-K | 1,551 | The acquired intangibles are being amortized over their estimated useful lives of 3 years. | 0001047469-03-041604/full-submission.txt |
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