NetSpend 2011 Annual Report Download - page 54

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Table of Contents
for determining whether it is necessary to perform the two-step goodwill impairment test described in FASB Accounting Standards
Codification Topic 350. The amendments are effective for the first reporting period beginning after December 15, 2011. Early adoption is
permitted. We adopted these amendments for our quarterly and annual reporting periods ending December 31, 2011. The adoption of these
amendments did not have a material effect on our consolidated financial statements.
In November 2011, the FASB amended the disclosure requirements for offsetting and related arrangements to enable readers of an issuer's
financial statements to understand the effect of those arrangements on its financial position. Offsetting, otherwise known as netting, is the
presentation of assets and liabilities as a single net amount in the statement of financial position (balance sheet). An entity is required to apply
the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods and should
provide the disclosures required by the amendments retrospectively for all comparative periods presented. The adoption of these amendments is
not expected to have a material effect on our consolidated financial statements.
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