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