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FARO TECHNOLOGIES, INC. AND SUBSIDIARIES |
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DEPRECIATION AND AMORTIZATION EXPENSE RECLASSIFICATION |
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(UNAUDITED) |
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Commencing with the third quarter of 2019, depreciation and amortization expenses are being reported in the accompanying statements of operations to reflect departmental costs. Previously, those expenses were reported as a separate line item under operating expenses. Depreciation and amortization expenses were reclassified in prior periods to conform to the current period presentation, as follows: |
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Three months ended |
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(in thousands) |
March 31,
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June 30,
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September 30,
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December 31,
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March 31,
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June 30,
|
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Product cost of sales as reported |
$ |
26,884 |
$ |
27,878 |
$ |
34,004 |
$ |
36,036 |
$ |
26,128 |
$ |
29,037 |
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Depreciation and amortization adjustment |
853 |
842 |
860 |
851 |
1,176 |
796 |
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Product cost of sales as adjusted |
$ |
27,737 |
$ |
28,720 |
$ |
34,864 |
$ |
36,887 |
$ |
27,304 |
$ |
29,833 |
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Service cost of sales as reported |
$ |
12,164 |
$ |
12,675 |
$ |
13,384 |
$ |
12,257 |
$ |
12,470 |
$ |
12,135 |
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Depreciation and amortization adjustment |
826 |
856 |
845 |
860 |
824 |
783 |
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Service cost of sales as adjusted |
$ |
12,990 |
$ |
13,531 |
$ |
14,229 |
$ |
13,117 |
$ |
13,294 |
$ |
12,918 |
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Selling and marketing as reported |
$ |
28,271 |
$ |
30,084 |
$ |
27,811 |
$ |
30,754 |
$ |
26,753 |
$ |
29,124 |
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Depreciation and amortization adjustment |
512 |
528 |
671 |
689 |
466 |
876 |
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Selling and marketing as adjusted |
$ |
28,783 |
$ |
30,612 |
$ |
28,482 |
$ |
31,443 |
$ |
27,219 |
$ |
30,000 |
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General and administrative as reported |
$ |
11,073 |
$ |
11,320 |
$ |
12,496 |
$ |
12,763 |
$ |
13,224 |
$ |
14,424 |
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Depreciation and amortization adjustment |
690 |
604 |
606 |
846 |
578 |
583 |
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General and administrative as adjusted |
$ |
11,763 |
$ |
11,924 |
$ |
13,102 |
$ |
13,609 |
$ |
13,802 |
$ |
15,007 |
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Depreciation and amortization as reported |
$ |
4,343 |
$ |
4,377 |
$ |
4,747 |
$ |
4,846 |
$ |
4,749 |
$ |
4,573 |
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Depreciation and amortization adjustment |
(4,343) |
(4,377) |
(4,747) |
(4,846) |
(4,749) |
(4,573) |
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Depreciation and amortization as adjusted |
$ |
— |
$ |
— |
$ |
— |
$ |
— |
$ |
— |
$ |
— |
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Research and development as reported |
$ |
9,406 |
$ |
9,983 |
$ |
9,975 |
$ |
10,342 |
$ |
9,935 |
$ |
9,091 |
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Depreciation and amortization adjustment |
1,462 |
1,547 |
1,765 |
1,600 |
1,705 |
1,535 |
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Research and development as adjusted |
$ |
10,868 |
$ |
11,530 |
$ |
11,740 |
$ |
11,942 |
$ |
11,640 |
$ |
10,626 |
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