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Joint Ventures | 6 Months Ended
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Mar. 29, 2015
Joint Ventures |
Joint Ventures | 12.Joint Ventures Consolidated Joint Ventures The aggregate revenue from our consolidated joint ventures for the three and six months ended March 29, 2015 was $1.6 million and $3.8 million, respectively, compared to $3.5 million and $6.2 million for the same periods last year. The assets and liabilities of these consolidated joint ventures were immaterial at March 29, 2015 and September 28, 2014. These assets are restricted for use only by those joint ventures and are not available for our general operations. Cash and cash equivalents maintained by the consolidated joint ventures at March 29, 2015 and September 28, 2014 were $1.3 million and $1.4 million, respectively. Unconsolidated Joint Ventures We account for our unconsolidated joint ventures using the equity method of accounting. Under this method, we recognize our proportionate share of the net earnings of these joint ventures within “Other costs of revenue” in our condensed consolidated statements of income. For the three and six months ended March 29, 2015, we reported $1.2 million and $1.8 million of equity in earnings of unconsolidated joint ventures, respectively, compared to $0.8 million and $1.5 million for the same periods last year. Our maximum exposure to loss as a result of our investments in unconsolidated joint ventures is typically limited to the aggregate of the carrying value of the investment. Future funding commitments for our unconsolidated joint ventures are immaterial. The unconsolidated joint ventures are, individually and in the aggregate, immaterial to our condensed consolidated financial statements. The aggregate carrying values of the assets and liabilities of the unconsolidated joint ventures were $17.6 million and $15.4 million, respectively, at March 29, 2015, and $20.1 million and $18.0 million, respectively, at September 28, 2014.

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- Definition Disclosures of variable interest entities (VIE) in aggregate, including how similar entities are aggregated, if separate reporting would not provide more useful information, distinguished between (1) VIEs that are not consolidated because the enterprise is not the primary beneficiary but has a significant variable interest or is the sponsor that holds a variable interest, and (2) VIEs that are consolidated. Presented in a manner that clearly and fully explains to financial statement users the nature and extent of an enterprise's involvement with variable interest entities, which also includes disclosure of information related to equity method investments during the reporting period. + References No definition available. + Details
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- Details
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