Symantec 1999 Annual Report Download - page 90

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements, Continued
76
Significant Customers The
following customers covered all segments and accounted for more than 10% of net revenues during fiscal 1999, 1998
and 1997:
Year Ended March 31,
1999 1998 1997
Ingram Micro, Inc. 47% 36% 28%
Tech Data Corp. 19 12 *
Merisel 13 11 *
* Amount is less than 10%.
NOTE 20. COMPREHENSIVE INCOME
Symantec adopted SFAS No. 130, “Reporting Comprehensive Income,” beginning with the quarter ended June 30,
1998. SFAS No. 130 establishes new rules for the reporting and disclosure of comprehensive income and its
components; however, it has no impact on net income or stockholders’ equity. The components of comprehensive
income, net of tax, are as follows:
Year ended March 31,
(In thousands) 1999 1998 1997
Other comprehensive (loss) income:
Add: change in unrealized (loss) gain on
available-for-sale investments,
net of a tax (benefit) provision of ($290),
$35 and $26. $ (616) $ 181 $ 213
Less: reclassification adjustment for gains
included in net income,
net of a tax provision of $73, $0 and $0. 155 -- --
Add: change in cumulative translation
adjustment (“CTA”), net of a tax (benefit)
provision of ($1,476), ($993)and $1. (6,090) (5,136) 11
Total other comprehensive (loss) income $ (6,551) $ (4,955) $ 224
NOTE 21. SUBSEQUENT EVENT
On June 10, 1999 Symantec announced that it intends to establish our Internet Tools Business Unit as a separate
company. Symantec will be the initial sole investor, however, additional third party investors are expected. The
transition is in its early stages and details will be determined over the next three to nine months.