This excerpt taken from the RKT 10-K filed Nov 26, 2008.
Shipping and Handling CostsSTYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">We classify shipping and handling costs as a component of cost of goods sold. STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%">Derivatives
We are exposed to counterparty credit risk for nonperformance under derivative
For each derivative instrument that is designated and qualifies as a fair value hedge, we recognize the change in fair value of the derivative
ROCK-TENN COMPANYALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
We amortize the
during the period of change. These instruments act as economic hedges but either do not meet the criteria for treatment as hedges under Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and
Hedging Activities (SFAS 133), or we elect not to treat them as hedges under SFAS 133. The changes in the fair value of these derivative instruments are reported in the same line item on the consolidated statement of
income as the underlying exposure being economically hedged.
We include the fair value of derivatives in either short-term or long-term
This excerpt taken from the RKT 8-K filed Mar 11, 2008.
Shipping and Handling Costs
The Company classifies shipping and handling costs as part of cost of sales. Shipping and handling costs were $16,291 and $17,232 for the thirty-six weeks ended September 9, 2006 and September 8, 2007, respectively.