Airtran 2009 Annual Report Download - page 64

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55
derivative. The Cash Conversion Topic required retroactive application to all periods presented. The adoption
impacted the accounting for our 7.0% convertible notes due 2023. On April 24, 2009, we filed a report on Form
8-K with the SEC which included our consolidated financial statements as of December 31, 2008 and 2007 and
for each of the three years in the period ended December 31, 2008 which were adjusted to apply the Cash
Conversion Topic retroactively. The accompanying historical financial statements have also been adjusted to
apply the Cash Conversion Topic.
On June 30, 2009, we adopted ASC 855-10-50 “Subsequent Events - Disclosure” (Subsequent Events Topic),
which established general standards of accounting for, and disclosure of, events that occur after the balance
sheet date but before the financial statements are issued.The Subsequent Events Topic defines two types of
subsequent events. The effects of events or transactions that provide additional evidence about conditions that
existed at the balance sheet date, including the estimates inherent in the process of preparing financial
statements, are recognized in the financial statements. The effects of events that provide evidence about
conditions that did not exist at the date of the balance sheet but arose after that date are not recognized in the
financial statements. We have reviewed subsequent events through February 11, 2010 (the date of the issuance
of the accompanying Consolidated Financial Statements).