SEC Info - Garmin Ltd - ‘10-K’ for 12/26/09

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Garmin Ltd – ‘10-K’ for 12/26/09 – ‘XML.R13’

On: Wednesday, 2/24/10, at 12:36pm ET · For: 12/26/09 · Accession #: 1144204-10-9642 · File #: 0-31983

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/10  Garmin Ltd                        10-K       12/26/09   43:6.3M                                   Toppan Merrill/FA

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.48M 
 2: EX-10.22    Material Contract                                   HTML     81K 
 3: EX-10.23    Material Contract                                   HTML     62K 
 4: EX-10.24    Material Contract                                   HTML     62K 
 5: EX-21.1     Subsidiaries List                                   HTML     26K 
 6: EX-23.1     Consent of Experts or Counsel                       HTML     19K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     20K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     20K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     18K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     18K 
35: XML         IDEA XML File -- Definitions and References          XML     96K 
40: XML         IDEA XML File -- Filing Summary                      XML     55K 
38: XML.R1      Consolidated Balance Sheets                          XML    319K 
39: XML.R2      Consolidated Balance Sheets [Parenthetical]          XML     63K 
24: XML.R3      Consolidated Statements of Income                    XML    207K 
29: XML.R4      Consolidated Statements of Stockholders' Equity      XML    506K 
33: XML.R5      Consolidated Statements of Stockholders' Equity      XML     43K 
                (Parenthetical)                                                  
32: XML.R6      Consolidated Statements of Cash Flows                XML    442K 
42: XML.R7      Description of the Business                          XML     31K 
20: XML.R8      Summary of Significant Accounting Policies           XML    121K 
31: XML.R9      Marketable Securities                                XML    181K 
19: XML.R10     Commitments and Contingencies                        XML     41K 
18: XML.R11     Employee Benefit Plans                               XML     31K 
23: XML.R12     Income Taxes                                         XML    161K 
37: XML.R13     Fair Value of Financial Instruments                  XML     50K 
25: XML.R14     Segment Information                                  XML    195K 
26: XML.R15     Stock Compensation Plans                             XML    144K 
30: XML.R16     Earnings Per Share                                   XML     65K 
43: XML.R17     Share Repurchase Program                             XML     32K 
22: XML.R18     Shareholder Rights Plan                              XML     30K 
17: XML.R19     Selected Quarterly Information                       XML     74K 
28: XML.R20     Warranty Reserves                                    XML     49K 
36: XML.R21     Subsequent Events                                    XML     30K 
21: XML.R22     Schedule II - Valuation and Qualifying Accounts      XML    121K 
34: XML.R23     Document Information                                 XML     39K 
27: XML.R24     Entity Information                                   XML    102K 
41: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    101K 
11: EX-101.INS  XBRL Instance -- grmn-20091226                       XML   1.15M 
13: EX-101.CAL  XBRL Calculations -- grmn-20091226_cal               XML    148K 
14: EX-101.DEF  XBRL Definitions -- grmn-20091226_def                XML    808K 
15: EX-101.LAB  XBRL Labels -- grmn-20091226_lab                     XML    423K 
16: EX-101.PRE  XBRL Presentations -- grmn-20091226_pre              XML    297K 
12: EX-101.SCH  XBRL Schema -- grmn-20091226                         XSD     52K

‘XML.R13’ — Fair Value of Financial Instruments

This Financial Report is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<hasSegments> false </hasSegments>

<ReportName> Fair Value of Financial Instruments </ReportName>

<LabelColumn> false </LabelColumn>

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<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<Units>

<Unit>

<UnitType> Standard </UnitType>

</StandardMeasure>

</Unit>

<Unit>

<UnitType> Divide </UnitType>

</NumeratorMeasure>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

<MeasureNamespace> xbrli </MeasureNamespace>

</DenominatorMeasure>

</Unit>

</Units>

</Column>

</Columns>

<Rows>

<Row>

<Label> Fair Value of Financial Instruments [Abstract] </Label>

<ElementName> grmn_FairValueOfFinancialInstrumentsAbstract </ElementName>

<IsBaseElement> false </IsBaseElement>

<PeriodType> duration </PeriodType>

<ElementDataType> string </ElementDataType>

<ShortDefinition> Fair Value of Financial Instruments [Abstract] </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

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<IsEPS> false </IsEPS>

<Cells>

<Cell>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<IsNumeric> false </IsNumeric>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

</Cell>

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<ElementDefenition> Fair Value of Financial Instruments [Abstract] </ElementDefenition>

<IsTotalLabel> false </IsTotalLabel>

</Row>

<Row>

<Label> Fair Value of Financial Instruments </Label>

<ElementName> us-gaap_FairValueMeasurementInputsDisclosureTextBlock </ElementName>

<PeriodType> duration </PeriodType>

<ElementDataType> string </ElementDataType>

<ShortDefinition> No definition available. </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

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<IsCalendarTitle> false </IsCalendarTitle>

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<Cells>

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<ShowCurrencySymbol> false </ShowCurrencySymbol>

<IsNumeric> false </IsNumeric>

<div> <div><div><div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify"><font class="_mt" style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;">7. Fair Value of Financial Instruments</font></div> <div style="display: block; text-indent: 0pt;"><br /></div> <div style="display: block; margin-left: 0pt; text-indent: 36pt; margin-right: 0pt;" align="justify"><font class="_mt" style="display: inline; font-size: 10pt; font-family: Times New Roman;">As required by the <font class="_mt" style="display: inline; font-style: italic;">Financial Instruments</font> topic of the FASB ASC, the following summarizes required information about the fair value of certain financial instruments for which it is currently practicable to estimate such value. None of the financial instruments are held or issued for trading purposes. The carrying amounts and fair values of the Company’s financial instruments are as follows:</font></div> <div style="display: block; text-indent: 0pt;"><br /></div> <div> <div align="left"> <div align="center"> <div align="center"> <table cellspacing="0" cellpadding="0" width="85%"> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="52%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="22%" colspan="6" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">December</font><font class="_mt" style="display: inline;"> </font><font class="_mt" style="display: inline;">26,</font><font class="_mt" style="display: inline;"> </font><font class="_mt" style="display: inline;">2009</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="22%" colspan="6" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">December</font><font class="_mt" style="display: inline;"> </font><font class="_mt" style="display: inline;">27,</font><font class="_mt" style="display: inline;"> </font><font class="_mt" style="display: inline;">2008</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr> <td valign="bottom" width="52%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Carrying</font></div> </td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Fair</font></div> </td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Carrying</font></div> </td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Fair</font></div> </td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr> <td style="padding-bottom: 2px;" valign="bottom" width="52%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">Amount</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">Value</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">Amount</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td style="border-bottom: black 2px solid;" valign="bottom" width="10%" colspan="2" nowrap="nowrap"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="center"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"><font class="_mt" style="display: inline;">Value</font></font></div> </td> <td style="padding-bottom: 2px;" valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr> <td valign="bottom" width="52%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" width="10%" colspan="2" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr> <td valign="bottom" align="left" width="52%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Cash and cash equivalents</font></div> </td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">1,091,581</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">1,091,581</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">696,335</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">$</font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">696,335</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr bgcolor="white"> <td valign="bottom" align="left" width="52%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Restricted cash</font></div> </td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">2,047</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">2,047</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">1,941</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">1,941</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> <tr> <td valign="bottom" align="left" width="52%"> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">Marketable securities</font></div> </td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">766,047</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">766,047</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">274,895</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="left" width="1%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> <td valign="bottom" align="right" width="9%"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;">274,895</font></td> <td valign="bottom" align="left" width="1%" nowrap="nowrap"><font class="_mt" style="display: inline; font-size: 10pt; font-family: times new roman;"> </font></td> </tr> </table> </div> </div> </div> </div> <div style="display: block; text-indent: 0pt;"><br /></div> <div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="justify"><font class="_mt" style="display: inline; font-size: 10pt; font-family: Times New Roman;">For certain of the Company’s financial instruments, including accounts receivable, accounts payable and other accrued liabilities, the carrying amounts approximate fair value due to their short maturities.</font></div> <p> </p></div></div> </div>

</NonNumbericText>

<NonNumericTextHeader> 7. Fair Value of Financial Instruments As required by the Financial Instruments topic of the FASB ASC, the following summarizes required information </NonNumericTextHeader>

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Filing Submission 0001144204-10-009642 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Garmin Ltd – ‘10-K’ for 12/26/09 – ‘XML.R13’

On: Wednesday, 2/24/10, at 12:36pm ET · For: 12/26/09 · Accession #: 1144204-10-9642 · File #: 0-31983

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Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R13’ — Fair Value of Financial Instruments

This Financial Report is an XBRL XML File.

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents