FNF » Topics » Title Plants

These excerpts taken from the FNF 10-K filed Feb 29, 2008.
Title Plants
 
Title plants are recorded at the cost incurred to construct or obtain and organize historical title information to the point it can be used to perform title searches. Costs incurred to maintain, update and operate title plants are expensed as incurred. Title plants are not amortized as they are considered to have an indefinite life if maintained. Sales of title plants are reported at the amount received net of the adjusted costs of the title plant sold. Sales of title


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FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
plant copies are reported at the amount received. No cost is allocated to the sale of copies of title plants unless the carrying value of the title plant is diminished or impaired.
 
Title Plants


 



Title plants are recorded at the cost incurred to construct or
obtain and organize historical title information to the point it
can be used to perform title searches. Costs incurred to
maintain, update and operate title plants are expensed as
incurred. Title plants are not amortized as they are considered
to have an indefinite life if maintained. Sales of title plants
are reported at the amount received net of the adjusted costs of
the title plant sold. Sales of title





66





Table of Contents





 




FIDELITY
NATIONAL FINANCIAL, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



plant copies are reported at the amount received. No cost is
allocated to the sale of copies of title plants unless the
carrying value of the title plant is diminished or impaired.


 




This excerpt taken from the FNF 10-K filed Mar 1, 2007.
Title Plants
 
Title plants are recorded at the cost incurred to construct or obtain and organize historical title information to the point it can be used to perform title searches. Costs incurred to maintain, update and operate title plants are expensed as incurred. Title plants are not amortized as they are considered to have an indefinite life if maintained. Sales of title plants are reported at the amount received net of the adjusted costs of the title plant sold. Sales of title plant copies are reported at the amount received. No cost is allocated to the sale of copies of title plants unless the carrying value of the title plant is diminished or impaired.
 
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