Big Lots 2007 Annual Report Download - page 167

Download and view the complete annual report

Please find page 167 of the 2007 Big Lots annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

79
PART IV
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Index to Consolidated Financial Statements, Financial Statement Schedules and Exhibits
(a) Documents filed as part of this report:
(1) Financial Statements Page
Reports of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . 39
Consolidated Statements of Operations ........................................ 41
Consolidated Balance Sheets ................................................ 42
Consolidated Statements of Shareholders’ Equity ................................ 43
Consolidated Statements of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
(2) Financial Statement Schedule
Schedule Description
II Valuation and Qualifying Accounts .............. 79
All other financial statements and schedules not listed in the preceding index are omitted because they are not
required or are not applicable or because the information required to be set forth therein either was not material
or is included in the consolidated financial statements or notes thereto.
BIG LOTS, INC. AND SUBSIDIARIES
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
Description
Beginning
of Year
Charged to
Cost and
Expense
Charged
to Other
Accounts Deductions End of Year
(In thousands)
Inventory Valuation Allowance
Fiscal year ended February 2, 2008 ........... $ 1,552 249 — 667 $ 1,134
(a)
Fiscal year ended February 3, 2007 ........... $ 1,173 580 — 201 $ 1,552
(a)
Fiscal year ended January 28, 2006 ........... $ 776 672 — 275 $ 1,173
(a)
Closed Store Liabilities
Fiscal year ended February 2, 2008 ........... $ 5,937 66
(b) — 3,523 $ 2,480
(c)
Fiscal year ended February 3, 2007 ........... $19,962 (935) ( b ) — 13,090 $ 5,937
(c)
Fiscal year ended January 28, 2006 ........... $ — 43,600
(d) — 23,638
(e) $19,962
(f )
(a) Consists of markdowns of aged goods.
(b) Consists of reversal of charges related to contract termination costs and accretion on contract termination
cost liability.
(c) Consists of remaining liability for contract termination costs.
(d) Includes charges for the write-down of property, inventory, and deferred rent; severance and benefits; and
contract termination costs.
(e) Includes non-cash reductions for the write-down of property, inventory, and deferred rent, and cash
payments for severance and benefits and contract termination costs.
(f) Consists of the remaining liability for severance and benefits and contract termination costs related to
closed stores.