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These excerpts taken from the FNF 10-K filed Feb 29, 2008. Goodwill
Goodwill represents the excess of cost over fair value of
identifiable net assets acquired and assumed in a business
combination. SFAS No. 142, “Goodwill and
Intangible Assets” (“SFAS 142”) provides
that goodwill and other intangible assets with indefinite useful
lives should not be amortized, but shall be tested for
impairment annually, or more frequently if circumstances
indicate potential impairment, through a comparison of fair
value to its carrying amount. The Company measures for
impairment on an annual basis.
As required by SFAS 142, the Company completed its annual
goodwill impairment tests in the fourth quarter of each
respective year using a September 30 measurement date, and
determined fair values were in excess of carrying values.
Accordingly, no goodwill impairments have been recorded.
Table of Contents
FIDELITY
NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Goodwill Goodwill represents the excess of cost over fair value of identifiable net assets acquired and assumed in a business combination. SFAS No. 142, “Goodwill and Intangible Assets” (“SFAS 142”) provides that goodwill and other intangible assets with indefinite useful lives should not be amortized, but shall be tested for impairment annually, or more frequently if circumstances indicate potential impairment, through a comparison of fair value to its carrying amount. The Company measures for impairment on an annual basis. As required by SFAS 142, the Company completed its annual goodwill impairment tests in the fourth quarter of each respective year using a September 30 measurement date, and determined fair values were in excess of carrying values. Accordingly, no goodwill impairments have been recorded.
Table of ContentsFIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the FNF 10-K filed Mar 1, 2007. Goodwill
Goodwill represents the excess of cost over fair value of
identifiable net assets acquired and assumed in a business
combination. SFAS No. 142, Goodwill and Intangible
Assets (“SFAS No. 142”) provides that
goodwill and other intangible assets with indefinite useful
lives should not be amortized, but shall be tested for
impairment
Table of Contents
FIDELITY
NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
annually, or more frequently if circumstances indicate potential
impairment, through a comparison of fair value to its carrying
amount. The Company measures for impairment on an annual basis.
As required by SFAS No. 142, the Company completed its
annual goodwill impairment tests in the fourth quarter of each
respective year using a September 30 measurement date, and
has determined fair values were in excess of carrying values.
Accordingly, no goodwill impairments have been recorded.
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