Advance Auto Parts 2008 Annual Report Download - page 91

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
January 3, 2009, December 29, 2007 and December 30, 2006
(in thousands, except per share data)
The accompanying notes to the consolidated financial statements
are an integral part of these statements.
F-37
Unrealized Gain
(Loss) on Hedging
Arrangements
Unrealized Gain on
Postretirement
Plan
Accumulated
Other
Comprehensive
Income (Loss)
Balance, December 31, 2005 3,090$ -$ 3,090$
Fiscal 2006 activity (2,934) 3,316 382
Balance, December 30, 2006 156$ 3,316$ 3,472$
Fiscal 2007 activity (4,809) 636 (4,173)
Balance, December 29, 2007 (4,653)$ 3,952$ (701)$
Fiscal 2008 activity (8,729) 81 (8,648)
Balance, January 3, 2009 (13,382)$ 4,033$ (9,349)$
18. Segment and Related Information:
The Company has the following two reportable segments: AAP and AI. The AAP segment is comprised of store
operations within the United States, Puerto Rico and the Virgin Islands which operate under the trade names
“Advance Auto Parts,” “Advance Discount Auto Parts” and “Western Auto.” These stores offer a broad selection of
brand name and proprietary automotive replacement parts, accessories and maintenance items for domestic and
imported cars and light trucks.
The AI segment consists solely of the operations of Autopart International, which continues to operate as an
independent, wholly-owned subsidiary. AI’s business serves the growing commercial market in addition to
warehouse distributors and jobbers located throughout the Northeastern region of the United States.
The Company evaluates each of its segment’s financial performance-based on net sales and operating profit for
purposes of allocating resources and assessing performance. The accounting policies of the reportable segments are
the same as those described in the summary of significant accounting policies in Note 2.
The following table summarizes financial information for each of the Company's business segments for the
years ended January 3, 2009 and December 29, 2007, respectively.