Advance Auto Parts 2010 Annual Report Download - page 93

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 1, 2011, January 2, 2010 and January 3, 2009
(in thousands, except per share data)
.
F-39
20. Accumulated Other Comprehensive Income (Loss):
Comprehensive income is computed as net earnings plus certain other items that are recorded directly to
stockholders’ equity during the accounting period. In addition to net earnings, comprehensive income also includes
changes in unrealized gains or losses on hedge arrangements and postretirement plan benefits, net of tax.
Accumulated other comprehensive income (loss), net of tax, for Fiscal 2008, 2009 and 2010 consisted of the
following:
Accumulated
Unrealized Gain Unrealized Gain (Loss) Other
(Loss) on Hedging on Postretirement Comprehensive
Arrangements Plan Income (Loss)
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)$
Fiscal 2009 activity 3,034 (384) 2,650
Balance, January 2, 2010 (10,348)$ 3,649$ (6,699)$
Fiscal 2010 activity 5,541 (439) 5,102
Balance, January 1, 2011 (4,807)$ 3,210$ (1,597)$
21. Segment and Related Information:
The Company has the following two reportable segments: AAP, and AI. The AAP segment is comprised of
3,369 stores as of January 1, 2011, which operated in the United States, Puerto Rico and the Virgin Islands 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, and operates stores under the
“Autopart International” trade name. AI mainly serves the Commercial market from its 194 stores as of January 1,
2011, located in the Northeastern and Mid-Atlantic regions of the United States and Florida. In addition, its North
American Sales Division services warehouse distributors and jobbers throughout North America.
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 1, 2011, January 2, 2010 and January 3, 2009, respectively.