SEC Comment Letter for TANDY BRANDS ACCESSORIES INC (CIK 0000869487) — Mar 25, 2005
TANDY BRANDS ACCESSORIES INC (CIK 0000869487)
Date: March 25, 2005 · CIK: 0000869487 · Accession: 0000000000-05-013984
AI Filing Summary & Sentiment
File numbers found in text: 000-18927
Referenced dates: March 18, 2005
Letter
Mail Stop 0308 March 25, 2005 Mark J. Flaherty Chief Financial Officer Tandy Brands Accessories, Inc. 690 East Lamar Boulevard, Suite 200, Arlington, TX 76011
RE: Tandy Brands Accessories, Inc. Form 10-K for the fiscal year ended June 30, 2004 Form 10-Q for the six months ended December 31, 2004 File No. 000-18927
Dear Mr. Flaherty:
We have reviewed your response letter dated March 18, 2005 and we note that you include costs associated with distribution in selling, general and administrative expenses. In future filings, in MD&A disclose that your gross margins may not be comparable to others, since some entities include the costs related to their distribution network in cost of goods sold and others like you exclude all or a portion of them from gross margin, including them instead in a line item such as selling, general and administrative expenses.
We have completed our review of your Form 10-K and related filings and have no further comments at this time.
Sincerely,
Michael Moran
Branch Chief
??
Show Raw Text
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
Mail Stop 0308
March 25, 2005
Mark J. Flaherty
Chief Financial Officer
Tandy Brands Accessories, Inc.
690 East Lamar Boulevard, Suite 200,
Arlington, TX 76011
RE: Tandy Brands Accessories, Inc.
Form 10-K for the fiscal year ended June 30, 2004
Form 10-Q for the six months ended December 31, 2004
File No. 000-18927
Dear Mr. Flaherty:
We have reviewed your response letter dated March 18, 2005 and we
note that you include costs associated with distribution in
selling,
general and administrative expenses. In future filings, in MD&A
disclose that your gross margins may not be comparable to others,
since some entities include the costs related to their
distribution
network in cost of goods sold and others like you exclude all or a
portion of them from gross margin, including them instead in a
line
item such as selling, general and administrative expenses.
We have completed our review of your Form 10-K and related
filings and have no further comments at this time.
Sincerely,
Michael Moran
Branch Chief
??
??
??
??
Mr. Mark J. Flaherty
Tandy Brands Accessories, Inc.
Page 5 of 1
5
</TEXT>
</DOCUMENT>