Advance Auto Parts 2007 Annual Report Download - page 100

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ADVANCE AUTO PARTS, INC.
SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
Notes to the Condensed Parent Company Statements
December 29, 2007 and December 30, 2006
(in thousands, except per share data)
See Notes to the Consolidated Financial Statements for Additional Disclosures.
In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial
Statements – an amendment of ARB No. 51.” SFAS No. 160, among other things, provides guidance and establishes
amended accounting and reporting standards for a parent company’s noncontrolling interest in a subsidiary. SFAS
No. 160 is effective for fiscal years beginning on or after December 15, 2008. The Company does not expect the
adoption of SFAS No. 160 to have a material impact on its financial condition, results of operations or cash flows.
F-41