0000000000-24-008046.txt : 20241120 0000000000-24-008046.hdr.sgml : 20241120 20240716113610 ACCESSION NUMBER: 0000000000-24-008046 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240716 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: COOPER COMPANIES, INC. CENTRAL INDEX KEY: 0000711404 STANDARD INDUSTRIAL CLASSIFICATION: OPHTHALMIC GOODS [3851] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 942657368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-08597 BUSINESS ADDRESS: STREET 1: 6101 BOLLINGER CANYON ROAD STREET 2: SUITE 500 CITY: SAN RAMON STATE: CA ZIP: 94583 BUSINESS PHONE: 9254603600 MAIL ADDRESS: STREET 1: 6101 BOLLINGER CANYON ROAD STREET 2: SUITE 500 CITY: SAN RAMON STATE: CA ZIP: 94583 FORMER COMPANY: FORMER CONFORMED NAME: COOPER COMPANIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COOPERVISION INC DATE OF NAME CHANGE: 19870701 PUBLIC REFERENCE ACCESSION NUMBER: 0000711404-23-000072 LETTER 1 filename1.pdf begin 644 filename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Y.6L1 M$1$1$1'YJ<1ZD(P;N :P;(PMO0]%7RP6I$VBD-@8WS:+^EC>-D$7,R3"EM5H M' 7)@N-&&_KFQ1:^:BQ#6(;'[IPF9?J$L#2FYNM$U:D"3CU-K#4:W69C4[%A M:+HHNZXF&QTR[.&&[-ZLBOK[TT&BX;B<.Q>KL9-9BO-+:E!T0I]39NU$L++( MO*O8=32W$'4..9D01T1$1$1$1'XVA!W8DH]R7FSX;59>E]+#Y)Y;CCO1Q M)R(1L[8:VI).,X:Z^-A\[&OQVH5:WMV!RWN5*USN:K>85K%S?KF5_' MGKFD(R(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B M(B(B(B(B(B(B(B(B(B(B-^<_YA"2G IE;F1S=')E86T*96YD;V)J"C$S(# @ M;V)J"CP\+T)I='-097)#;VUP;VYE;G0@."]#;VQO7!E+TEM86=E+U1Y<&4O6$]B:F5C="]7:61T:" Q-#(X/CYS=')E86T* M>)SMP8$ PR!_ZMW@!%4! M M M M M M M #/ M %&5NID*96YD')E9@HR.3@Q,PHE)45/1@H! end TEXT-EXTRACT 2 filename2.txt July 16, 2024 Brian G. Andrews Executive Vice President, Chief Financial Officer and Treasurer COOPER COMPANIES, INC. 6101 Bollinger Canyon Road, Suite 500 San Ramon, California 94583 Re: COOPER COMPANIES, INC. Form 10-K for Fiscal Year Ended October 31, 2023 Form 8-K Filed May 30, 2024 Response Letter Dated July 8, 2024 File No. 001-08597 Dear Brian G. Andrews: We have reviewed your July 8, 2024 response to our comment letter and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our June 6, 2024 letter. Form 10-K for Fiscal Year Ended October 31, 2023 Consolidated Statements of Income 1. We note your response to comment 1. Given that you initially stated in your response letter dated May 22, 2024 related to comment 3 that you would revise the cost of sales line item to include the parenthetical to note that it excludes amortization of intangibles and remove the gross profit subtotal and now have concluded that the missing amortization of intangibles is immaterial and will no longer comply with the requirements in Item 10(e)(1)(ii)(C) of Regulation S-K and SAB Topic 11:B, please provide us with your full materiality analysis in accordance with SAB Topic 1:M that includes how you calculated the amount of excluded intangible asset amortization given that a portion of the composite intangible asset includes a technology component. July 16, 2024 Page 2 Note 1. Organization and Significant Accounting Policies Revenue Recognition 2. We note your response to comment 2. Considering the significance of total consolidated revenue to the Consolidated Statements of Income and the other financial statements provided, please provide us with a comprehensive materiality analysis prepared in accordance with SAB Topic 1:M to clearly demonstrate that your service revenues are immaterial to your consolidated financial statements, including the amount of revenues and associated costs and income being recognized for each period presented including your subsequent interim periods. Also, provide us with your accounting policy for your revenues. To the extent that you conclude the service revenues are material to your consolidated financial statements, we continue to request that you provide the disclosures for revenues related to the various services you provide including (a) identification of the performance obligations (i.e., when typically satisfied, significant payment terms, nature of goods and services, obligations for returns, refunds, and other similar obligations, and types of warranties and related obligations) with reference to ASC 606-10-50-12 and 50- 12A, (b) significant judgments for the method used to recognize revenue over time and why the method faithfully depicts the transfer of the services with reference to ASC 606- 10-50-18, and (c) variable consideration and any other obligations with reference to ASC 606-10-50- 20. Form 8-K Filed May 30, 2024 Exhibit 99.1 3. We note your response to comment 7 that the $106.5 million and $42.3 million intra- entity asset transfers adjustment to arrive at non-GAAP Net Income is to realize the income tax benefit based on the amortization of these assets. Please provide us with a more comprehensive understanding of what the nature of this adjustment is, what you are trying to convey with it, and how the amount is determined for each period presented. As part of your response, tell us your consideration of the guidance in Question 100.04 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations. Please contact Tracey Houser at 202-551-3736 or Terence O'Brien at 202-551-3355 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services