Deferred Financing Costs. Deferred financing costs are an asset for credit facility costs and netted in debt for senior notes. These costs are amortized over the contractual term of the related obligations using the effective interest method or, in certain circumstances, accelerated if the obligation is refinanced.
Deferred Financing Costs. Loan origination fees and other costs incurred arranging long-term financing are capitalized as deferred financing costs and amortized on a straight-line basis over the term of the credit agreement. Deferred financing costs totaled $10,501 and $10,494, less related accumulated amortization of $6,890 and $5,953, at December 31, 2008 and 2007, respectively, and are classified as other assets in the accompanying consolidated balance sheets.
Deferred Financing Costs. Deferred financing costs relating to long-term debt are amortized over the term of the related debt instrument using the effective interest method.
Deferred Financing Costs. At October 30, 2016 and November 1, 2015, the unamortized balance in deferred financing costs related to the Credit Agreement, the Amended ABL Facility and the Notes was $9.1 million and $11.1 million, respectively, and was included in other assets, net on the consolidated balance sheets.
Deferred Financing Costs. Costs incurred related to the revolving line of credit are deferred and amortized as interest expense over the term of the related debt using the straight-line method. These deferred costs are reflected as a component of other long-term assets, while the current portion of the deferred financing costs is reflected as a component of prepaid expenses and other current assets in the accompanying balance sheets. SkyBitz, Inc. Notes to the Financial Statements – Continued December 31, 2010, 2009, 2008 Advertising Expenses The Company expenses advertising costs in the period incurred. Advertising expenses were approximately $107,730, $61,816 and $106,272 for the years ended December 31, 2010, 2009 and 2008, respectively. Sales Tax Sales taxes imposed on the customers are excluded from revenue where the Company is required by law or regulation to act as collection agent for the taxing jurisdiction.
Deferred Financing Costs. Costs incurred to issue debt are deferred and amortized as a component of interest expense over the terms of the related debt agreements. Amortization expense of deferred financing costs was $4,696, $4,691 and $4,437 for fiscal 2017, 2016 and 2015, respectively.
Deferred Financing Costs. Deferred financing costs will be amortized on a straight-line basis over the life of the related debt. For purposes of determining the Closing Statement, deferred financing costs will not be written off due to any impairment that may result from the Closing.
Deferred Financing Costs. Deferred frnancing costs consists of amounts paid for the acqwsltlon of bank loan on December 30, 2020. These costs are being amortized using the straight-line method over the period of the loan. Amortization for the nine months ended September 30, 2021 was $28,667. SDI BLACK 011, LLC NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2021 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
