Annual Repor-Dell

Spi2532xappbb1 b24indd b 12 spi2532xappbb1 b24indd b

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ional $10 million to be used for management retention. MessageOne, Allin, and The Networked Storage Company have been integrated into Dell's Commercial segments. spi2532X_appB_B1-B24.indd B-12 spi2532X_appB_B1-B24.indd B-12 1/20/12 4:20 PM 1/20/12 4:20 PM Confirming Pages APPENDIX B Dell Annual Report (selected pages) B-13 DELL INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) The acquisition of MessageOne was identified and acknowledged by Dell's Board of Directors as a related party transaction because Michael Dell and his family held indirect ownership interests in MessageOne. Consequently, Dell's Board of Directors directed management to implement a series of measures designed to ensure that the transaction was considered, analyzed, negotiated, and approved objectively and independent of any control or influence from the related parties. Dell has not presented pro forma results of operations for the Fiscal 2009 acquisitions because these acquisitions were not material to Dell's consolidated results of operations, financial position, or cash flows on either an individual or an aggregate basis. NOTE 8 — GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill allocated to Dell's business segments as of January 28, 2011, and January 29, 2010, and changes in the carrying amount of goodwill for the respective periods, were as follows: Fiscal Year Ended Large Enterprise Balance at beginning of period Goodwill acquired during the period Adjustments Balance at end of period $ $ 1,361 62 1 1,424 Public $ $ 2,026 135 3 2,164 January 28, 2011 Small and Medium Business Consumer (in millions) $ 389 $ 298 87 3 $ 476 $ 301 January 29, 2010 Total $ $ 4,074 $ 284 7 4,365 $ Total 1,737 2,327 10 4,074 Goodwill is tested annually during the second fiscal quarter and whenever events or circumstances indicate an impairment may have occurred. If the carrying amount of goodwill exceeds its fair value, estimated based on discounted cash flow analyses, an impairment charge would be recorded. Based on the results of the annual impairment tests, no impairment of goodwill existed at July 30, 2010...
View Full Document

Ask a homework question - tutors are online