American Eagle Outfitters 2009 Annual Report Download - page 60

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The table below summarizes future minimum lease obligations, consisting of fixed minimum rent, under
operating leases in effect at January 30, 2010:
Fiscal years:
Future Minimum
Lease Obligations
(In thousands)
2010 ........................................................... $ 242,859
2011 ........................................................... 226,699
2012 ........................................................... 210,676
2013 ........................................................... 194,613
2014 ........................................................... 176,612
Thereafter . . ..................................................... 693,048
Total ........................................................... $1,744,507
10. Other Comprehensive Income (Loss)
The accumulated balances of other comprehensive income (loss) included as part of the Consolidated
Statements of Stockholders’ Equity follow:
Before
Tax
Amount
Tax
(Expense)
Benefit
Accumulated Other
Comprehensive Income
(Loss)
(In thousands)
Balance at February 3, 2007................... $ 21,201 $ 513 $ 21,714
Unrealized gain on investments.................. 1,538 (591) 947
Reclassification adjustment for net losses realized in
net income related to sale of available-for-sale
securities ................................ 393 (151) 242
Foreign currency translation adjustment ........... 12,582 — 12,582
Balance at February 2, 2008................... $ 35,714 $ (229) $ 35,485
Temporary impairment related to ARS ............ (36,825) 14,030 (22,795)
Reclassification adjustment for losses realized in net
income related to sale of ARS................. 318 (121) 197
Reclassification adjustment for OTTI charges realized
in net income related to ARS ................. 1,214 (463) 751
Unrealized loss on investments .................. (607) 229 (378)
Foreign currency translation adjustment ........... (27,649) — (27,649)
Balance at January 31, 2009................... $(27,835) $13,446 $(14,389)
Temporary reversal of impairment related to ARS .... 24,041 (9,535) 14,506
Reclassification adjustment for OTTI charges realized
in net income related to ARS ................. 940 — 940
Foreign currency translation adjustment ........... 15,781 — 15,781
Balance at January 30, 2010................... $ 12,927 $ 3,911 $ 16,838
59
AMERICAN EAGLE OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)