Dillard's 2005 Annual Report Download - page 55

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Interest and debt expense consists of the following:
Fiscal Fiscal Fiscal
(in thousands of dollars) 2005 2004 2003
Long-term debt:
Interest .................................................... $100,128 $121,648 $144,276
Call premium .............................................. — — 15,568
Loss on early retirement of long-term debt ....................... 478 — —
Amortization of debt expense .................................. 2,826 4,027 6,985
103,432 125,675 166,829
Interest on capital lease obligations ................................. 2,138 2,372 2,202
Interest on receivable financing .................................... — 11,009 12,034
$105,570 $139,056 $181,065
Interest paid during fiscal 2005, 2004 and 2003 was approximately $113.7 million, $145.4 million and
$186.9 million, respectively.
6. Trade Accounts Payable and Accrued Expenses
Trade accounts payable and accrued expenses consist of the following:
(in thousands of dollars) January 28, 2006 January 29, 2005
Trade accounts payable ............................................ $630,694 $597,046
Accrued expenses:
Taxes, other than income ....................................... 71,110 70,290
Salaries, wages, and employee benefits ............................ 52,728 55,099
Liability to customers .......................................... 59,995 51,974
Interest ..................................................... 30,046 31,877
Rent ........................................................ 8,943 9,563
Other ....................................................... 4,566 4,393
$858,082 $820,242
7. Income Taxes
The provision for federal and state income taxes is summarized as follows:
(in thousands of dollars)
Fiscal
2005
Fiscal
2004
Fiscal
2003
Current:
Federal .................................................... $47,629 $ 156,137 $ (5,293)
State ...................................................... (467) 32,784 (1,680)
47,162 188,921 (6,973)
Deferred:
Federal .................................................... (39,290) (92,359) 12,046
State ...................................................... 6,428 (29,677) 1,577
(32,862) (122,036) 13,623
$ 14,300 $ 66,885 $ 6,650
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