RAD » Topics » Derivative Financial Instruments

This excerpt taken from the RAD 8-K filed Sep 28, 2007.
Derivative Financial Instruments — Derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value.  Changes in fair value are recognized in earnings unless the derivative qualifies for hedge accounting.

In fiscal 2005, the Company entered into foreign currency forward contracts with the Parent Company.  The fair value of these contracts is determined by reference to the exchange rate at period-end.  These contracts do not qualify for hedge accounting.  The gain recognized in fiscal 2007, 2006 and 2005 was $31,519 $130,650 and $76,681, respectively, and is recorded in foreign currency losses (gains) in the consolidated statement of operations.

This excerpt taken from the RAD 8-K filed May 9, 2007.

Derivative financial instruments

Derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value. Changes in fair value are recognized in earnings unless the derivative qualifies for hedge accounting.

This excerpt taken from the RAD 8-K filed May 8, 2007.

Derivative financial instruments

Derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value. Changes in fair value are recognized in earnings unless the derivative qualifies for hedge accounting.

This excerpt taken from the RAD 8-K filed Feb 26, 2007.

Derivative financial instruments

Derivatives are recorded on the balance sheet as assets or liabilities and measured at fair value. Changes in fair value are recognized in earnings unless the derivative qualifies for hedge accounting.

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