CSS » Topics » Foreign Currency Risk

These excerpts taken from the CSS 10-K filed Jun 2, 2009.
Foreign Currency Risk
 
Approximately 3% of the Company’s sales in fiscal 2009 were denominated in a foreign currency. The Company considers its risk exposure with regard to foreign currency fluctuations insignificant as it enters into foreign currency forward contracts to hedge the majority of firmly committed transactions and related receivables that are denominated in a foreign currency. The Company has designated its foreign currency forward contracts as fair value hedges. The gains or losses on the fair value hedges are recognized in earnings and generally offset the transaction gains or losses on the foreign denominated assets that they are intended to hedge.


21


 

Item 8.   Financial Statements and Supplementary Data.
 
CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
Foreign Currency Risk
 
Approximately 3% of the Company’s sales in fiscal 2009 were denominated in a foreign currency. The Company considers its risk exposure with regard to foreign currency fluctuations insignificant as it enters into foreign currency forward contracts to hedge the majority of firmly committed transactions and related receivables that are denominated in a foreign currency. The Company has designated its foreign currency forward contracts as fair value hedges. The gains or losses on the fair value hedges are recognized in earnings and generally offset the transaction gains or losses on the foreign denominated assets that they are intended to hedge.


21


 

Item 8.   Financial Statements and Supplementary Data.
 
CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
Foreign
Currency Risk



 



Approximately 3% of the Company’s sales in fiscal 2009 were
denominated in a foreign currency. The Company considers its
risk exposure with regard to foreign currency fluctuations
insignificant as it enters into foreign currency forward
contracts to hedge the majority of firmly committed transactions
and related receivables that are denominated in a foreign
currency. The Company has designated its foreign currency
forward contracts as fair value hedges. The gains or losses on
the fair value hedges are recognized in earnings and generally
offset the transaction gains or losses on the foreign
denominated assets that they are intended to hedge.





21





 


















Item 8.  

Financial
Statements and Supplementary Data.



 




CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




Foreign
Currency Risk



 



Approximately 3% of the Company’s sales in fiscal 2009 were
denominated in a foreign currency. The Company considers its
risk exposure with regard to foreign currency fluctuations
insignificant as it enters into foreign currency forward
contracts to hedge the majority of firmly committed transactions
and related receivables that are denominated in a foreign
currency. The Company has designated its foreign currency
forward contracts as fair value hedges. The gains or losses on
the fair value hedges are recognized in earnings and generally
offset the transaction gains or losses on the foreign
denominated assets that they are intended to hedge.





21





 


















Item 8.  

Financial
Statements and Supplementary Data.



 




CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




These excerpts taken from the CSS 10-K filed Jun 2, 2008.
Foreign Currency Risk
 
Approximately 4% of the Company’s sales in fiscal 2008 were denominated in a foreign currency. The Company considers its risk exposure with regard to foreign currency fluctuations insignificant as it enters into foreign currency forward contracts to hedge the majority of firmly committed transactions and related receivables that are denominated in a foreign currency. The Company has designated its foreign currency forward contracts as fair value hedges. The gains or losses on the fair value hedges are recognized in earnings and generally offset the transaction gains or losses on the foreign denominated assets that they are intended to hedge.


18


 

Item 8.   Financial Statements and Supplementary Data.
 
CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
Foreign
Currency Risk



 



Approximately 4% of the Company’s sales in fiscal 2008 were
denominated in a foreign currency. The Company considers its
risk exposure with regard to foreign currency fluctuations
insignificant as it enters into foreign currency forward
contracts to hedge the majority of firmly committed transactions
and related receivables that are denominated in a foreign
currency. The Company has designated its foreign currency
forward contracts as fair value hedges. The gains or losses on
the fair value hedges are recognized in earnings and generally
offset the transaction gains or losses on the foreign
denominated assets that they are intended to hedge.





18





 


















Item 8.  

Financial
Statements and Supplementary Data.



 




CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




This excerpt taken from the CSS 10-K filed Jun 5, 2007.
Foreign Currency Risk
 
Approximately 4% of the Company’s sales in fiscal 2007 were denominated in a foreign currency. The Company considers its risk exposure with regard to foreign currency fluctuations insignificant as it enters into foreign currency forward contracts to hedge the majority of firmly committed transactions and related receivables that are denominated in a foreign currency. The Company has designated its foreign currency forward contracts as fair value hedges. The gains or losses on the fair value hedges are recognized in earnings and generally offset the transaction gains or losses on the foreign denominated assets that they are intended to hedge.


18


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