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These excerpts taken from the HBI 10-Q filed May 11, 2009. Employers’
Disclosures about Postretirement Benefit Plan
Assets
In December 2008, the FASB issued Staff Position
No. FAS 132(R)-1, Employers’ Disclosures about
Postretirement Benefit Plan Assets
(“FSP 132(R)-1”). FSP 132(R)-1 expands the
disclosure requirements of FASB Statement No. 132(R) to
include more detailed disclosures about an employers’ plan
assets, including employers’ investment strategies, major
categories of plan assets, concentrations of risk within plan
assets, and valuation techniques used to measure the fair value
of plan assets, similar to the disclosure requirements of
SFAS 157. FSP 132(R)-1 is effective for fiscal years
ending after December 15, 2009. Since FSP 132(R)-1
only requires additional disclosures, adoption of the statement
is not expected to have a material impact on the Company’s
financial condition, results of operations or cash flows.
Employers’
Disclosures about Postretirement Benefit Plan
Assets
In December 2008, the FASB issued Staff Position
No. FAS 132(R)-1, Employers’ Disclosures about
Postretirement Benefit Plan Assets
(“FSP 132(R)-1”). FSP 132(R)-1 expands the
disclosure requirements of FASB Statement No. 132(R) to
include more detailed disclosures about an employers’ plan
assets, including employers’ investment strategies, major
categories of plan assets, concentrations of risk within plan
assets, and valuation techniques used to measure the fair value
of plan assets, similar to the disclosure requirements of
SFAS 157. FSP 132(R)-1 is effective for fiscal years
ending after December 15, 2009. Since FSP 132(R)-1
only requires additional disclosures, adoption of the statement
is not expected to have a material impact on our financial
condition, results of operations or cash flows.
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