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These excerpts taken from the XIDE 10-K filed Jun 4, 2009. Foreign
Currency Translation
The functional currencies of the Company’s foreign
subsidiaries are primarily the respective local currencies.
Assets and liabilities of the Company’s foreign
subsidiaries and affiliates are translated into
U.S. Dollars at the year-end exchange rate, and revenues
and expenses are translated at average monthly exchange rates.
Translation gains and losses are recorded as a component of
accumulated other comprehensive income within stockholders’
equity. Foreign currency gains and losses from certain
intercompany transactions meeting the permanently advanced
criteria of Statement of Financial Accounting Standards
(“SFAS”) No. 52 — “Foreign
Currency Translation” are also recorded as a component
of accumulated other comprehensive income. All other foreign
currency gains and losses are included in other expense
(income), net. The Company recognized net foreign currency
losses (gains) of $42.1 million, ($40.8) million, and
($11.6) million in fiscal 2009, 2008, and 2007,
respectively.
Table of Contents
EXIDE
TECHNOLOGIES AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Foreign
Currency Translation
The functional currencies of the Company’s foreign
subsidiaries are primarily the respective local currencies.
Assets and liabilities of the Company’s subsidiaries and
affiliates are translated into U.S. Dollars at the year-end
exchange rate, and revenues and expenses are translated at
average monthly exchange rates. Translation gains and losses are
recorded as a component of accumulated other comprehensive
income (loss) within partnership capital or stockholders’
equity. Foreign currency gains and losses from certain
intercompany transactions meeting the permanently advanced
criteria of Statement of Financial Accounting Standards
(“SFAS”) No. 52 “Foreign Currency
Translation” are also recorded as a component of
accumulated other comprehensive income (loss). All other foreign
currency gains and losses are included in other (income)
expense, net. The Company recognized net foreign currency losses
(gains) of $7.1 million, ($9.5) million, and
($4.6) million, in fiscal 2009, 2008 and 2007, respectively.
This excerpt taken from the XIDE 10-K filed Jun 9, 2008. Foreign
Currency Translation
The functional currencies of the Company’s foreign
subsidiaries are primarily the respective local currencies.
Assets and liabilities of the Company’s subsidiaries and
affiliates are translated into U.S. Dollars at the year-end
exchange rate, and revenues and expenses are translated at
average monthly exchange rates. Translation gains and losses are
recorded as a component of accumulated other comprehensive
income (loss) within partnership capital or stockholders’
equity. Foreign currency gains and losses from certain
intercompany transactions meeting the permanently advanced
criteria of Statement of Financial Accounting Standards
(“SFAS”) No. 52 “Foreign Currency
Translation” are also recorded as a component of
accumulated other comprehensive income (loss). All other foreign
currency gains and losses are included in other (income)
expense, net. The Company recognized net foreign currency
(gains) losses of ($9.5) million, ($4.6) million, and
$6.9 million, in fiscal 2008, 2007 and 2006, respectively.
This excerpt taken from the XIDE 10-K filed Jun 11, 2007. Foreign
Currency Translation
The functional currencies of the Company’s foreign
subsidiaries are primarily the respective local currencies.
Assets and liabilities of the Company’s subsidiaries and
affiliates are translated into U.S. dollars at the year-end
exchange rate, and revenues and expenses are translated at
average monthly exchange rates. Translation gains and losses are
recorded as a component of accumulated other comprehensive
income (loss) within partnership capital or stockholders’
equity. Foreign currency gains and losses from certain
intercompany transactions meeting the permanently advanced
criteria of Statement of Financial Accounting Standards
(“SFAS”) No. 52 “Foreign Currency
Translation” are also recorded as a component of
accumulated other comprehensive income (loss). All other foreign
currency gains and losses are included in other (income)
expense, net. The Company recognized net foreign currency
(gains) losses of ($4.6) million, $6.9 million,
($6.2) million, and $4.9 million in fiscal 2007 and
2006, the period May 6, 2004 to March 31, 2005, and
the period April 1, 2004 to May 5, 2004, respectively.
This excerpt taken from the XIDE 10-K filed Jun 29, 2005. Foreign Currency Translation
The functional currencies of the Company’s foreign subsidiaries are primarily the respective local currency. Assets and liabilities of the Company’s foreign subsidiaries and affiliates are translated into U.S. dollars at the year-end exchange rate, and revenues and expenses are translated at average monthly exchange rates. Translation gains and losses are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity (deficit). Foreign currency gains and losses from certain intercompany transactions meeting the permanently advanced criteria of Statement of Financial Accounting Standards (“SFAS”) No. 52 “Foreign Currency Translation” are also recorded as a component of accumulated other comprehensive income (loss). All other foreign currency gains and losses are included in other (income) expense, net. The Company recognized net foreign currency (gains) losses of $(2,580), $6,283, $(43,846), and $(22,753) in the period May 6, 2004 to March 31, 2005 (Successor Company), the period April 1, 2004 to May 5, 2004 (Predecessor Company), fiscal 2004, and 2003 (Predecessor Company), respectively.
This excerpt taken from the XIDE 10-K filed Mar 1, 2005. Foreign Currency Translation
The functional currencies of the Company’s foreign subsidiaries are primarily the respective local currency. Assets and liabilities of the Company’s foreign subsidiaries and affiliates are translated into U.S. dollars at the year-end exchange rate, and revenues and expenses are translated at average monthly exchange rates. Translation gains and losses are recorded as a component of accumulated other comprehensive loss within stockholders’ deficit. Foreign currency gains and losses from certain intercompany transactions meeting the permanently advanced criteria of Statement of Financial Accounting Standards (“SFAS”) No. 52 “Foreign Currency Translation” are also recorded as a component of accumulated other comprehensive loss. All other foreign currency gains and losses are included in other (income) expense, net. The Company recognized net foreign currency (gains) losses of $(43,846), $(22,753) and $5,109 in fiscal 2004, 2003 and 2002, respectively.
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