We record our forward contracts at fair value. Cash and cash equivalents at beginning of year.
We recently implemented enterprise resource planning software and continue to expand the application of this software in our business. Common Stock Subscription Receivable. Consolidated Statements of Cash Flows.
The markets for semiconductors generally, and small flat panel display drivers in particular, are intensely competitive. Our small panel display drivers comprise only part of a complex display subassembly manufactured by our display module customers. Factors that are likely to cause our revenue and operating results to fluctuate include the risk factors discussed throughout this section.
We state our inventories at the lower of cost computed on a first-in, first-out basis or market. If the payment ultimately proves to be unnecessary, the reversal of these tax reserves would result in tax benefits being recognized in the period we determine such reserves are no longer necessary. Our responsibility is to express an opinion on these financial statements based on our audits.
We have engineering, sales and operations personnel in Korea and sales and operations personnel in Taiwan and Hong Kong. Selling, general and administrative expenses remained flat as a percent of revenue in as compared to as the absolute dollar increase was in line with our revenue growth. Chief Financial Officer and Secretary.
We place our cash primarily in checking and money market accounts with reputable financial institutions. Machinery and Tooling Manufacturing. Diluted net income per share. Other noncurrent liabilities. Consolidated Statements of Operations.
Such a revision could materially impact our effective tax rate, income tax provision and net income. We are currently evaluating which method to adopt. All investments are classified as available-for-sale. In future years, a larger portion of our revenue is expected to be derived from sales in countries with lower tax rates, which is expected to result in our effective tax rate decreasing. Historical results are not necessarily indicative of the results to be expected in future periods.
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Address of principal executive offices. The following table sets forth products in volume production or available for sampling. Non-employee stock-based compensation expense. Weighted-average participating redeemable convertible preferred shares outstanding. We place manufacturing orders for our products that are.
We typically compete with these captive semiconductor suppliers as well as independent semiconductor suppliers. The calculation of our tax liabilities involves the inherent uncertainty in the application of complex tax laws. Indicates a management contract or compensatory plan or arrangement. Net cash used in investing activities.
We believe that our continued commitment to research and development and timely introduction of new and enhanced display drivers is integral to maintaining our competitive position. The manufacturing process of our display drivers is technically challenging. The markets for semiconductors generally, and small flat panel display drivers in particular, are intensely competitive, yamaha psr-2100 drivers and we expect competition to increase and intensify in the future.
Net income loss as reported. If actual market conditions are less favorable than those expected by management, additional inventory reserve may be required. Top it off with a Solo lid!
Color displays for consumer electronic devices are differentiated by size, resolution, number of colors, brightness, color sharpness, contrast and response time. Selling, General and Administrative. Operating lease obligations.
Employee Stock Purchase Plan. None of our employees is covered by a collective bargaining agreement. Lee was a finance director at Advanced Micro Devices Inc. Business Continuity Statement. We intend to build and maintain processes that allow us to provide our customers with time-to-market advantage.
These downturns have been characterized by production overcapacity, high inventory levels and accelerated erosion of average selling prices. The semiconductor industry is highly cyclical, and our operating results may be negatively impacted by downturns in the general semiconductor industry.
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Purchase of property and equipment. Solo containers and lids are engineered to work together, delivering optimal function and performance.
Allowance for doubtful accounts. Broaden our customer base. Our ability to compete will be harmed if we are unable to adequately protect our intellectual property.
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