Dillard's 2003 Annual Report Download - page 53

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2002
• a call premium resulting in additional interest expense of $11.6 million ($7.4 million after tax $0.09 per diluted share) associated
with a $143.0 million call of debt.
• a charge of $3.2 million ($2.0 million after tax or $0.02 per diluted share) on the amortization of off-balance-sheet accounts
receivable securitization.
• a pretax gain of $3.1 million ($2.0 million after tax or $0.02 per diluted share) from an investee partnership of the Company who
received an unusual distribution in the settlement of a receivable.
• a pretax gain of $2.5 million ($1.6 million after tax or $0.02 per diluted share) on the early extinguishment of debt.
• $862,000 in pre-tax net income ($552,000 after tax, or $0.01 per diluted share) for asset impairment and store closing charges
related to certain stores.
Third Quarter
2003
• a $1.7 million charge ($1.1 million after tax or $0.01 per diluted share) for asset impairment and store closing charges related to
certain stores.
• $4.1 million ($2.6 million after tax or $0.03 per diluted share) received from the Internal Revenue Service as a result of the
Company’s filing of an interest-netting claim related to previously settled tax years.
2002
• a charge of $2.2 million ($1.4 million after tax or $0.02 per diluted share) on the amortization of off-balance-sheet accounts
receivable securitization.
• a pretax gain of $1.7 million ($1.1 million after tax or $0.01 per diluted share) on the early extinguishment of debt.
Fourth Quarter
2003
• a pretax asset impairment and store closing charge of $25.0 million ($16.8 million after tax or $0.20 per diluted share) related to
certain stores.
• an $8.5 million gain ($5.5 million after tax or $0.07 per diluted share) related to the sale of three store properties.
2002
• a pretax gain of $64.3 million ($41.1 million after tax or $0.48 per diluted share) pertaining to the Company’s sale of its interest
in FlatIron Crossing, a Broomfield, Colorado shopping center (see Note 1 of the Notes to the Consolidated Financial
Statements).
• a pretax asset impairment and store closing charge of $53.1 million ($34.0 million after tax or $0.40 per fully diluted share)
related to certain stores.
F-21