HIBB » Topics » Accounting for Rental Costs Incurred during a Construction Period.

This excerpt taken from the HIBB 10-Q filed Jun 7, 2006.
“Accounting for Rental Costs Incurred during a Construction Period.” This guidance requires rental costs during the construction period to be recognized as rental expense as opposed to being capitalized. FSP 13-1 is effective for the first reporting period after December 15, 2005. Our current lease accounting practices comply with this guidance, and adoption of this FSP did not have an impact on our condensed consolidated financial statements.

 

In March 2005, the FASB issued FASB Interpretation No. 47,

This excerpt taken from the HIBB 10-K filed Apr 13, 2006.
“Accounting for Rental Costs Incurred during a Construction Period.” This guidance requires rental costs during the construction period to be recognized as rental expense as opposed to being capitalized. FSP FAS 13-1 is effective for the first reporting period after December 15, 2005. The Company’s current lease accounting practices comply with this guidance, and adoption of this FSP did not have a material impact on the Company’s consolidated financial statements.

 

In March 2005, the FASB issued FASB Interpretation No. 47,

EXCERPTS ON THIS PAGE:

10-Q
Jun 7, 2006
10-K
Apr 13, 2006

"Accounting for Rental Costs Incurred during a Construction Period." elsewhere:

Best Buy (BBY)
Gander Mountain Company (GMTN)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki