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FL » Topics » 10. Goodwill

These excerpts taken from the FL 10-K filed Mar 30, 2009.

11. Goodwill

     2008           2007
(in millions)
Athletic Stores $ 17 $ 186
Direct-to-Customers   127   80
$ 144 $ 266

     Goodwill for the Direct-to-Customers segment increased by $47 million due to the Company’s purchase of CCS from dELiA*s, Inc. during the fourth quarter of 2008. The effect of foreign exchange fluctuations for the year ended January 31, 2009 decreased goodwill by $2 million, resulting from the strengthening of the U.S. dollar in relation to the euro. During the fourth quarter of 2008, the Company recorded impairment charges of $167 million, as more fully described in note 4.

45

11. Goodwill






































     2008           2007
(in millions)
Athletic Stores $ 17 $ 186
Direct-to-Customers   127   80
$ 144 $ 266


     Goodwill for the Direct-to-Customers segment increased by $47 million due
to the Company’s purchase of CCS from dELiA*s, Inc. during the fourth quarter of
2008. The effect of foreign exchange fluctuations for the year ended January 31,
2009 decreased goodwill by $2 million, resulting from the strengthening of the
U.S. dollar in relation to the euro. During the fourth quarter of 2008, the
Company recorded impairment charges of $167 million, as more fully described in
note 4.


45




11. Goodwill






































     2008           2007
(in millions)
Athletic Stores $ 17 $ 186
Direct-to-Customers   127   80
$ 144 $ 266


     Goodwill for the Direct-to-Customers segment increased by $47 million due
to the Company’s purchase of CCS from dELiA*s, Inc. during the fourth quarter of
2008. The effect of foreign exchange fluctuations for the year ended January 31,
2009 decreased goodwill by $2 million, resulting from the strengthening of the
U.S. dollar in relation to the euro. During the fourth quarter of 2008, the
Company recorded impairment charges of $167 million, as more fully described in
note 4.


45




These excerpts taken from the FL 10-K filed Mar 31, 2008.

10. Goodwill

          2007           2006
(in millions)
Athletic Stores   $ 186 $ 184
Direct-to-Customers   80     80
$ 266 $ 264

     The effect of foreign exchange fluctuations for the fiscal year ended February 2, 2008 increased goodwill by $2 million, resulting from the strengthening of the euro in relation to the U.S. dollar. During the third and fourth quarters of 2007, the Company performed reviews of its U.S. Athletic stores’ goodwill, as a result of the SFAS No. 144 recoverability analysis. These analyses did not result in an impairment charge.

10. Goodwill






































          2007           2006
(in millions)
Athletic Stores   $ 186 $ 184
Direct-to-Customers   80     80
$ 266 $ 264


     The
effect of foreign exchange fluctuations for the fiscal year ended February 2,
2008 increased goodwill by $2 million, resulting from the strengthening of the
euro in relation to the U.S. dollar. During the third and fourth quarters of
2007, the Company performed reviews of its U.S. Athletic stores’ goodwill, as a
result of the SFAS No. 144 recoverability analysis. These analyses did not
result in an impairment charge.


EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 30, 2009
10-K (2 sections)
Mar 31, 2008

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