Coach 2014 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2014 Coach 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.-
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
 |
 |
TABLE OF CONTENTS
The components of accumulated other comprehensive income, as of the dates indicated, are as follows:
$ (461)
$ —
$ 55,360
$ (4,424)
$ 50,475
Other comprehensive income (loss) before
reclassifications 8,005
(1,276)
(66,990)
1,343
(58,918)
Less: gains reclassified from accumulated other
comprehensive income 3,803
—
—
—
3,803
Net current-period other comprehensive income (loss) 4,202
(1,276)
(66,990)
1,343
(62,721)
$ 3,741
$ (1,276)
$ (11,630)
$ (3,081)
$ (12,246)
Other comprehensive income before reclassifications
Less: gains (losses) reclassified from accumulated
other comprehensive income
Net current-period other comprehensive (loss) income
(1) The ending balances of accumulated other comprehensive income related to cash flow hedges are net of tax of $(532) and $(2,338) as of June 28, 2014
and June 29, 2013, respectively. The amounts reclassified from accumulated other comprehensive income are net of tax of $(3,432) and $(2,416) as of
June 28, 2014 and June 29, 2013, respectively.
(2) The components of Other include the accumulated loss on the Company's investment in an auction rate security and the minimum pension liability
adjustment of $0 and $(1,904) as of June 28, 2014and $(1,072) and $(2,009) as of June 29, 2013, respectively. As of June 28, 2014 and June 29, 2013
the balances of accumulated other comprehensive income are net of tax of $1,531 and $2,118, respectively.
The Company maintains several share-based compensation plans which are more fully described below. The following table shows the total
compensation cost charged against income for these plans and the related tax benefits recognized in the income statement:
June 29,
2013
June 30,
2012
Compensation expense
$ 120,460
$ 107,511
Related income tax benefit
39,436
37,315
(1) Approximately $9,834 of share based compensation expense and $3,997 of related income tax benefit are related to the sale of the Reed Krakoff business
and restructuring and transformation recognized by the Company in the first quarter of fiscal 2014. See Note 3 for information as it relates to the sale of
the Reed Krakoff business.
68