33 added · 8 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
Additional future impairment may result from, among other things, deterioration in the performance of our business or product 12 lines, adverse market conditions and changes in the competitive landscape, and a variety of other circumstances.
Non-compliance with emerging rules or standards or a failure to address regulator, stakeholder and societal expectations may result in potential cost increases, litigation, fines, penalties, production and sales restrictions, brand or reputational damage, loss of customers, suppliers and commercial partners, failure to retain and attract talent, lower valuation and higher investor activism activities.
For example, the United States has imposed, proposed, and/or threatened tariffs on a broad range of foreign-sourced products and materials including tariffs on products imported from China, Mexico, and Canada.
We may never realize the full value of our goodwill and intangible assets, and determinations requiring impairment charges have had and will continue to have an adverse effect on our financial condition and results of operations.
We have experienced impairment charges in the past (refer to Note 1 , Summary of Significant A ccounting and Reporting Policies ) of the Consolidated Financial Statements ).
We evaluate the recoverability of recorded goodwill and other intangible asset amounts annually, or when evidence of potential impairment exists.
The amount of any impairment is recorded as a charge to our Consolidated Statement of Income.
Although the use of biometric readers on popular consumer products, such as smartphones, has increased interest in biometrics as a means of authenticating and/or identifying individuals, commercial markets for biometrics technology are still developing and evolving.
Acceptance of biometrics as an alternative to such traditional methods depends upon a number of factors, including: the cost, performance and reliability of our products and services and the products and services offered by our competitors; customers’ perceptions regarding the benefits of biometrics solutions; public perceptions regarding the intrusiveness of these solutions and the manner in which organizations use the biometric information collected; public perceptions regarding the confidentiality of private information; proposed or enacted 13 legislation related to privacy of information; customers’ satisfaction with biometrics solutions; and marketing efforts and publicity regarding biometrics solutions.
A considerable number of established companies have developed or are developing and marketing software and hardware for biometrics products and applications, including facial recognition, fingerprint biometrics, and other iris authentication competitors that currently compete with, or will compete directly with, our biometric authentication solutions.
Although we and our suppliers attempt to avoid infringing known proprietary rights of third parties in our products, we may be subject to legal proceedings and claims for alleged infringement of a third party’s patents, trade secrets, trademarks, or copyrights.
Our allowance for credit losses applicable to loans receivable reflect the Company's estimate of expected credit losses over the contractual life of the loans, considering historical loss experience, current conditions, and reasonable and supportable forecasts.
No longer disclosed
The Company has been in production with the Company's FDM ® since 2015 and has, in the ordinary course of business, been awarded programs with sixteen (16) OEM customers.
Any such system failure, accident or security breach results in disruptions to our operations.
The Company's CMS solution uses three cameras to provide a comprehensive view of the sides and rear of the vehicle while still providing the traditional safety of interior and exterior mirrors, that still function when cameras are obstructed, or not functioning.
The Company has previously announced that the Company continues to develop in the areas of imager performance, camera dynamic range, lens design, image processing from the camera to the display, and camera lens cleaning.
Our allowance for doubtful accounts primarily relates to financially distressed automotive mirror and electronics customers.
Acquisitions of businesses, technologies, and assets are playing a role in our future growth.
The Company is currently shipping production FDM ® to all sixteen of these customers.
Refer to Note 1 of the Consolidated Financial Statements .