Dillard's 2010 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2010 Dillard's 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.

Page out of 79

  • 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

Notes to Consolidated Financial Statements (Continued)
5. Long-Term Debt (Continued)
Net interest and debt expense consists of the following:
Fiscal Fiscal Fiscal
(in thousands of dollars) 2010 2009 2008
Long-term debt:
Interest ................................. $70,325 $70,749 $75,490
Gain on early retirement of long-term debt ....... (21) (1,653) —
Amortization of debt expense ................. 1,714 1,753 1,842
72,018 70,849 77,332
Interest on capital lease obligations .............. 1,398 2,005 2,154
Revolving credit facility expenses ................ 2,769 3,693 10,263
Investment interest income ..................... (2,393) (2,544) (928)
$73,792 $74,003 $88,821
Interest paid during fiscal 2010, 2009 and 2008 was approximately $76.4 million, $80.3 million and
$90.6 million, respectively.
6. Trade Accounts Payable and Accrued Expenses
Trade accounts payable and accrued expenses consist of the following:
(in thousands of dollars) January 29, 2011 January 30, 2010
Trade accounts payable ...................... $491,536 $494,372
Accrued expenses:
Taxes, other than income ................... 61,119 59,791
Salaries, wages and employee benefits ......... 63,823 50,421
Liability to customers ..................... 42,029 43,197
Interest ............................... 16,720 16,957
Rent ................................. 3,194 3,435
Other ................................. 10,860 8,328
$689,281 $676,501
F-17