Cedar Fair, L.P. (FUN)

(6) Goodwill and Other Intangible Assets:

In accordance with FAS No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but, along with indefinite-lived trade-names, is evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. Goodwill and trade-names have been assigned at the reporting unit, or park level, for purposes of impairment testing. Goodwill related to parks acquired prior to 2006 is annually tested for impairment as of October 1^st. The Partnership completed this review during the fourth quarter in 2008 and determined the goodwill was not impaired. Goodwill and trade-names related to the Paramount Parks (PPI) acquisition in 2006, as further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2008, as included in the Form 10-K filed on March 2, 2009, is annually tested for impairment as of April 1^st.

At the end of the fourth quarter of 2008, due to uncertainty surrounding the economy and stock price volatility generally, and volatility in the Partnership’s unit price in particular, the Partnership concluded a triggering event had occurred indicating potential impairment and performed an impairment test of goodwill and other indefinite-lived intangible assets. After performing a preliminary goodwill and trade-names impairment test as of December 31, 2008, the Partnership estimated that $79.9 million of

9

Table of Contents

goodwill and $7.1 million of trade-names were impaired as the carrying values of goodwill and trade-names for certain PPI parks exceeded their fair values. This impairment was driven mainly by an increase in the Partnership’s cost of capital in the fourth quarter of 2008 and lower projected growth rates for certain parks. During the first quarter of 2009, the Company finalized its step-2 testing for the estimated goodwill impairment charge, resulting in no additional impairment charge in the period.

A summary of changes in the Partnership’s carrying value of goodwill for the quarter is as follows:

At March 29, 2009, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for both the three months ended March 29, 2009 and March 30, 2008 was $341,000. The estimated amortization expense for the remainder of 2009 is $1.0 million. Estimated amortization expense is expected to total $1.4 million from 2010 through 2011 and $1.3 million in 2012 and 2013.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2007, goodwill acquired during 2006 was the result of the completion of the acquisition of Paramount Parks, Inc. (PPI). In accordance with FAS No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. During the second quarter of 2008, we completed our annual impairment test on goodwill and other non-amortizable intangibles related to PPI, which did not indicate any impairment. A summary of changes in the Partnership’s carrying value of goodwill is as follows:

At September 28, 2008, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for both the nine months ended September 28, 2008 and September 30, 2007 was $1.0 million. The estimated amortization expense for the remainder of 2008 is $342,000. Estimated amortization expense for the next five years is $1.4 million annually.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2007, goodwill acquired during 2006 was the result of the completion of the acquisition of PPI. In accordance with FAS No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. During the second quarter of 2008, we completed our annual impairment test on goodwill and other non-amortizable intangibles related to PPI, which did not indicate any impairment. A summary of changes in the Partnership’s carrying value of goodwill is as follows:

At June 29, 2008, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for the six months ended June 29, 2008 and June 24, 2007 was $680,000 and $658,000, respectively. The estimated amortization expense for the remainder of 2008 is $681,000. Estimated amortization expense for the next five years is $1.4 million annually.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2007, goodwill acquired during 2006 was the result of the completion of the acquisition of PPI. In accordance with FAS No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. A summary of changes in the Partnership’s carrying value of goodwill is as follows:

At March 30, 2008, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for the three months ended March 30, 2008 was $340,000. The estimated amortization expense for the remainder of 2008 is $1.0 million. Estimated amortization expense for the next five years is $1.4 million annually.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2006, goodwill acquired during 2006 was the result of the completion of the acquisition of PPI. The Partnership obtained third-party valuations of certain tangible and intangible assets during the second quarter of 2007 which were used to adjust the preliminary purchase price allocation of goodwill acquired in 2006. In accordance with FASB Statement No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. During the second quarter of 2007, we completed our annual impairment test on goodwill related to PPI, which did not indicate any impairment of goodwill. A summary of changes in the Partnership’s carrying value of goodwill is as follows (in thousands):

At September 30, 2007, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for the nine months ended September 30, 2007 was $1.0 million. The estimated amortization expense for the remainder of 2007 is $342,000. Estimated amortization expense for the next five years is $1.4 million annually.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2006, goodwill acquired during 2006 was the result of the completion of the acquisition of PPI. The Partnership obtained third-party valuations of certain tangible and intangible assets during the second quarter of 2007 which were used to adjust the preliminary purchase price allocation of goodwill acquired in 2006. In accordance with FASB Statement No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. During the second quarter of 2007, we completed our annual impairment test on goodwill related to PPI, which did not indicate any impairment of goodwill. A summary of changes in the Partnership’s carrying value of goodwill is as follows (in thousands):

At June 24, 2007, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for the six months ended June 24, 2007 was $658,000. The estimated amortization expense for the remainder of 2007 is $685,000. Estimated amortization expense for the next five years is $1.4 million annually.

(6) Goodwill and Other Intangible Assets:

As further described in Note 3 to the Consolidated Financial Statements for the year ended December 31, 2006, goodwill acquired during 2006 was the result of the completion of the acquisition of PPI. The Partnership is still in the process of obtaining third-party valuations of certain tangible and intangible assets, as well as developing its plan of integration; thus the allocation of the purchase price to assets and liabilities is subject to adjustment. In accordance with FASB Statement No. 142, “Goodwill and Other Intangible Assets,” goodwill is not amortized, but is evaluated for impairment on an annual basis. A summary of changes in the Partnership’s carrying value of goodwill is as follows (in thousands):

At March 25, 2007, the Partnership’s other intangible assets consisted of the following:

Amortization expense of other intangible assets for the three months ended March 25, 2007 was $341,000.