Dick's Sporting Goods 2015 Annual Report Download - page 25

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(1) The cost of goods sold for fiscal 2014 included a€$2.4 million€write-down of golf-related inventory relating to the
Company's golf restructuring.
(2) Selling, general and administrative expenses for fiscal 2011 included a $2.1€million expense reduction relating to the
partial reversal of previously accrued litigation settlement costs. Selling, general and administrative expenses for fiscal
2013 included€$7.9 million€related to a non-cash impairment charge to reduce the carrying value of a Gulfstream G450
corporate aircraft held for sale to fair market value. Selling, general and administrative expenses for fiscal
2014€included a€$14.4 million€gain on sale of a Gulfstream G650 corporate aircraft and asset impairment and
severance charges relating to the Company's golf restructuring of $14.3 million and $3.7 million, respectively. Selling,
general and administrative expenses for fiscal 2015 includes a $7.9 million litigation settlement charge.
(3) Impairment of available-for-sale investments reflects the Company's impairment of its investment in JJB Sports, plc
("JJB Sports").
(4) Gain on sale of investment reflects the sale of the Company's available-for-sale securities in GSI Commerce, Inc.
(5) Interest expense in fiscal 2011 and 2012 included rent payments under the Company's financing lease obligation for its
corporate headquarters building, which the Company purchased in fiscal 2012 for $133.4€million, including closing
costs. The Company's payment to purchase the building was reflected as a payment of its financing lease obligation in
fiscal 2012.
(6) Includes investment income recognized to reflect changes in deferred compensation plan investment values with a
corresponding charge / reduction to selling, general and administrative costs for the same amount. During fiscal 2013,
the Company recorded $4.3 million related to the partial recovery of its previously impaired investment in JJB Sports,
which is reflected herein.
(7) Dividends declared per common share in fiscal 2011 represent the Company's first dividend of $0.50 per share of
common stock and Class€B common stock. Dividends declared per common share during fiscal 2012 through fiscal
2014 represent quarterly dividends of $0.125 per share of common stock and Class B common stock. Fiscal 2012
included a special cash dividend of $2.00 per share of common stock and Class€B common stock. Dividends declared
per common share in fiscal 2015 represent quarterly dividends of $0.1375 per share of common stock and Class B
common stock.
(8) A store is included in the same store sales calculation during the same fiscal period that it commences its 14th full
month of operations. Stores that were closed or relocated during the applicable period have been excluded from same
store sales. Each relocated store is returned to the same store sales base during the fiscal period that it commences its
14th full month of operations at the new location. The same store sales calculation for fiscal 2012 excluded sales
during the 53rd€week.
(9) Includes Dick's Sporting Goods, Golf Galaxy, Field & Stream and other specialty concept stores.
(10) Calculated using net sales and gross square footage of all stores open at both the beginning and the end of the period,
excluding eCommerce sales. Gross square footage includes the storage, receiving and office space that generally
occupies approximately 17% of total store space within our stores.
(11) Calculated as cost of goods sold divided by the average monthly ending inventories of the last 13€months.
(12) Defined as current assets less current liabilities.
(13) See Note 1 to the Consolidated Financial Statements regarding the adoption of Accounting Standards Update 2015-17
during the fourth quarter of fiscal 2015, which requires the classification of all deferred tax assets and liabilities as
non-current. For comparative purposes, management elected to retrospectively apply these changes to all periods
presented.
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