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Cedar Fair, L.P. (FUN)
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FUN » Topics » Revenue Recognition

These excerpts taken from the FUN 10-K filed Mar 2, 2009.

Revenue Recognition

Revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket, and are adjusted periodically during the season. All other revenues are recognized on a daily basis based on actual guest spending at our facilities, or over the park operating season in the case of certain marina dockage revenues and certain sponsorship revenues.

Revenue Recognition

SIZE="2">Revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket, and are adjusted periodically during the season. All other revenues are recognized on a daily basis based on actual
guest spending at our facilities, or over the park operating season in the case of certain marina dockage revenues and certain sponsorship revenues.

SIZE="2">Results of Operations

These excerpts taken from the FUN 10-K filed Feb 29, 2008.

Revenue Recognition

Revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket, and are adjusted at the end of each seasonal period. All other revenues are recognized on a daily basis based on actual guest spending at our facilities, or over the park operating season in the case of certain marina dockage revenues and certain sponsorship revenues.

Revenue Recognition

STYLE="margin-top:12px;margin-bottom:0px">Revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket, and are adjusted at the end of each seasonal
period. All other revenues are recognized on a daily basis based on actual guest spending at our facilities, or over the park operating season in the case of certain marina dockage revenues and certain sponsorship revenues.

STYLE="margin-top:12px;margin-bottom:0px">Derivative Financial Instruments

Derivative financial instruments
are only used within our overall risk management program to manage certain interest rate and foreign currency risks from time to time. We do not use derivative financial instruments for trading purposes.

STYLE="margin-top:12px;margin-bottom:0px">The use of derivative financial instruments is accounted for according to SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities” and
related amendments. For derivative instruments that are

 


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designated and qualify as cash flow hedges, the effective portion of the change in fair value of the derivative instrument is reported as a component of
“Other comprehensive income (loss)” and reclassified into earnings in the period during which the hedged transaction affects earnings. Derivative financial instruments used in hedging transactions are assessed both at inception and
quarterly thereafter to ensure they are effective in offsetting changes in the cash flows of the related underlying exposures.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 2, 2009
10-K (2 sections)
Feb 29, 2008

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