Company: AMKR
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001047127-25-000030
Chunk: 85

Company: AMKOR TECHNOLOGY, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 85
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 cost and net realizable value.  Cost is principally determined by standard cost or the weighted moving average method, both of which approximate actual cost.  For inventory valued using the standard cost method, we review and set our standard costs as needed, but at a minimum on a quarterly basis.

Valuation of Long-lived Assets.  We review long-lived assets, which include property, plant and equipment and goodwill, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.  Factors we consider important which could trigger an impairment review include the following:

•significant under-performance relative to expected historical or projected future operating results;

•significant changes in the manner of our use of the asset;

•significant negative industry or economic trends; and

•our market capitalization relative to net book value.

Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group.  If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value.  Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal.  

We review goodwill for impairment annually during the fourth quarter of each year and whenever events or changes in circumstances indicate that an impairment may exist.  Impairment losses are recorded when the carrying amount of the reporting unit exceeds its fair value.  

Recently Issued Standards

For information regarding recently adopted and recently issued accounting standards, please refer to Note 1 to our Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.