Dillard's 2008 Annual Report Download - page 20

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The items below are included in the Selected Financial Data.
2008
The items below amount to a net $180.4 million pretax charge ($125.5 million after tax charge or $1.69 per
share).
• a $197.9 million pretax charge ($136.5 million after tax or $1.84 per share) for asset impairment and
store closing charges related to certain stores (see Note 16 of the Notes to Consolidated Financial
Statements).
• a $7.3 million pretax charge ($4.6 million after tax or $0.06 per share) related to hurricane losses and
remediation expenses incurred during the 2008 hurricane season.
• a $24.8 million pretax gain ($15.6 million after tax or $0.21 per share) related to the sale of an aircraft
and the sale of a store located in San Antonio, Texas.
2007
The items below amount to a net $2.3 million pretax charge ($10.7 million after tax gain or $0.13 per
diluted share).
• a $20.5 million pretax charge ($12.8 million after tax or $0.16 per diluted share) for asset impairment
and store closing charges related to certain stores (see Note 16 of the Notes to Consolidated Financial
Statements).
• an $18.2 million pretax gain ($11.5 million after tax or $0.14 per diluted share) related to
reimbursement for inventory and property damages incurred during the 2005 hurricane season (see
Note 15 of the Notes to Consolidated Financial Statements).
• a $12.0 million income tax benefit ($0.15 per diluted share) primarily due to state administrative
settlement, federal credits and the change in a capital loss valuation allowance.
2006
The items below amount to a net $9.1 million pretax gain ($81.8 million after tax gain or $1.02 per diluted
share).
• a $13.8 million pretax gain ($8.5 million after tax or $0.11 per diluted share) on the sale of the
Company’s interest in a mall joint venture (see Note 1 of the Notes to Consolidated Financial
Statements).
• a $6.5 million pretax gain ($4.0 million after tax or $0.05 per diluted share) related to proceeds
received from the Visa Check/Mastermoney Antitrust litigation (see Note 14 of the Notes to
Consolidated Financial Statements).
• a $21.7 million pretax charge ($13.6 million after tax or $0.17 per diluted share) for a memorandum of
understanding reached in a litigation case (see Note 14 of the Notes to Consolidated Financial
Statements).
• a $10.5 million pretax interest credit ($6.6 million after tax or $0.08 per diluted share) and a net income
tax benefit of $64.0 million ($0.80 per diluted share) which includes $18.3 million for the change in a
capital loss valuation allowance. Both the pretax interest credit and the income tax benefit are related to
statute expirations and audit settlements with federal and state authorities for multiple tax years.
• a $5.8 million income tax benefit ($0.07 per diluted share) for the change in a capital loss valuation
allowance due to capital gain income and $6.5 million tax benefit ($0.08 per diluted share) due to the
release of tax reserves.
14