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Pacific Sunwear of California (PSUN)
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PSUN » Topics » Store Assets

These excerpts taken from the PSUN 10-K filed Apr 1, 2009.
Store Assets
 
The Company assesses whether events or changes in circumstances have occurred that potentially indicate the carrying value of long-lived assets may not be recoverable. As a result of these evaluations during fiscal 2008, 2007 and 2006, the Company recorded non-cash impairment charges of approximately $29 million, $1 million and $1 million in each year, respectively, within selling, general and administrative expenses in the consolidated statements of operations to write-down the carrying value of long-lived store assets to their estimated fair values.
 
Store
Assets


 



The Company assesses whether events or changes in circumstances
have occurred that potentially indicate the carrying value of
long-lived assets may not be recoverable. As a result of these
evaluations during fiscal 2008, 2007 and 2006, the Company
recorded non-cash impairment charges of approximately
$29 million, $1 million and $1 million in each
year, respectively, within selling, general and administrative
expenses in the consolidated statements of operations to
write-down the carrying value of long-lived store assets to
their estimated fair values.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Apr 1, 2009

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