Abercrombie & Fitch 2011 Annual Report Download - page 52

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included in the text under the caption “EXECUTIVE OFFICER COMPENSATION” in A&F’s definitive
Proxy Statement for the Annual Meeting of Stockholders to be held on June 14, 2012, incorporated by
reference in “ITEM 11. EXECUTIVE COMPENSATION” of this Annual Report on Form 10-K.
Obligations for Financing Activities
Total debt reflects amounts related to landlord financing obligations for certain leases where the
Company is deemed the owner of the construction project for accounting purposes, as substantially all of
the risk of ownership during construction of a leased property is held by the Company. The landlord
financing obligation is amortized over the life of the related lease. A&F has historically paid quarterly
dividends on its Common Stock. There are no amounts included in the above table related to dividends due
to the fact that dividends are subject to determination and approval by A&F’s Board of Directors.
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