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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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  (d)   Represents costs we incurred to move certain operations to lower-cost Sensata locations, to close certain manufacturing operations and dispose of the SMaL Camera business.
  (e)   Represents pension curtailment and settlement losses, and amortization of prior service costs associated with various restructuring activities.
  (f)   Represents the impact on our cost of revenue from the increase in the carrying value of the inventory that was adjusted to fair value as a result of the application of purchase accounting to the acquisitions of the S&C business, Airpax and First Technology Automotive.
  (g)   Represents the charge we recorded for acquired in-process research and development associated with our acquisition of SMaL Camera in March 2007.
  (h)   Represents other (gains)/losses, including impairment losses associated with certain assets held for sale, losses related to the early termination of commodity forward contracts of $7.2 million during fiscal year 2008, a loss of $13.4 million during fiscal year 2008 associated with a settlement with a significant automotive customer that alleged defects in certain of our products installed in its automobiles, and a reserve associated with the Whirlpool recall litigation. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Legal Proceedings.”
  (i)   Represents the impairment of goodwill and intangible assets associated with a reporting unit within our controls business segment and relates to products used in the semiconductor business.
  (j)   Represents severance, outplacement costs and special termination benefits associated with the downsizing of various manufacturing facilities and our corporate office.
  (k)   Relates to the repurchases of outstanding notes.
  (l)   Reflects the losses/(gains) associated with the translation of our Euro-denominated debt into U.S. dollars and losses/(gains) on related hedging transactions.
  (m)   Represents share-based compensation expense recorded in accordance with ASC Topic 718, Compensation—Stock Compensation.
  (n)   Represents fees expensed under the terms of the advisory agreement with our Sponsors. This agreement will be terminated in connection with the completion of this offering. See “Use of Proceeds” and “Certain Relationships and Related Party Transactions—Advisory Agreement.”
  (o)   Represents unrealized (gains)/losses on commodity forward contracts and estimated potential penalty expenses associated with uncertain tax positions.

 

       See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional information regarding certain of these items.

 

(6)   We define working capital as current assets less current liabilities. Prior to the 2006 Acquisition, we participated in Texas Instruments’ centralized system for cash management, under which our cash flows were transferred to Texas Instruments on a regular basis and netted against Texas Instruments’ net investment account. Consequently, none of Texas Instruments’ cash, cash equivalents, debt or interest expense has been allocated to our business in the Predecessor historical combined financial statements.

 

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