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Signature Eyewear (Signature Eyewear) Long-Term Capital Lease Obligation : $0.00 Mil (As of Apr. 2011)


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What is Signature Eyewear Long-Term Capital Lease Obligation?

Signature Eyewear's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2011 was $0.00 Mil.


Signature Eyewear Long-Term Capital Lease Obligation Historical Data

The historical data trend for Signature Eyewear's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Signature Eyewear Long-Term Capital Lease Obligation Chart

Signature Eyewear Annual Data
Trend Oct01 Oct02 Oct03 Oct04 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10
Long-Term Capital Lease Obligation
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Signature Eyewear Quarterly Data
Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11
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Signature Eyewear  (OTCPK:SEYE) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Signature Eyewear (Signature Eyewear) Business Description

Traded in Other Exchanges
N/A
Address
317 Isis Avenue 207, Inglewood, CA, USA, 90301
Signature Eyewear Inc designs, markets and distributes prescription eyeglass frames and sunwear under brand name licenses. Through its partnerships with Bobby Jones, Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Hickey Freeman Laura Ashley, Laura Ashley Girls, Michael Stars, and Rough Justice, and the company brings quality products and distinct designs to the optical marketplace.

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