Abercrombie & Fitch 2009 Annual Report Download - page 73

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9. ACCRUED EXPENSES
Accrued expenses consisted of (thousands):
2009 2008
Gift card liability ........................................ $ 49,778 $ 57,459
Construction in progress ................................... 5,838 27,329
Accrued payroll and related costs ............................ 45,476 46,248
Accrued taxes........................................... 32,784 20,328
RUEHL lease termination costs.............................. 29,595 —
Other ................................................. 82,818 89,867
Accrued expenses ........................................ $246,289 $241,231
Accrued payroll and related costs include salaries, benefits, withholdings and other payroll related costs.
10. OTHER LIABILITIES
Other liabilities consisted of (thousands):
2009 2008
Accrued straight-line rent .................................. $ 87,147 $ 77,312
RUEHL lease termination costs.............................. 16,391 —
Unrecognized tax benefits, including interest and penalties ......... 39,314 53,419
Deferred compensation .................................... 66,053 71,288
Other ................................................. 5,265 4,724
Other liabilities ......................................... $214,170 $206,743
Deferred compensation includes the Chief Executive Officer Supplemental Executive Retirement Plan
(the “SERP”), the Abercrombie & Fitch Co. Savings and Retirement Plan and the Abercrombie & Fitch
Nonqualified Savings and Supplemental Retirement Plan, all further discussed in Note 15, “Retirement
Benefits”, as well as deferred Board of Directors compensation and other accrued retirement benefits.
11. INCOME TAXES
Earnings from continuing operations before taxes (in thousands):
2009 2008 2007
Domestic..................................... $119,358 $501,125 $802,494
Foreign ...................................... 152 8,519 (4,757)
Total ........................................ $119,510 $509,644 $797,737
72
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)