Dillard's 2010 Annual Report Download - page 75

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Notes to Consolidated Financial Statements (Continued)
16. Quarterly Results of Operations (unaudited) (Continued)
2009
• a $10.6 million income tax benefit ($0.14 per share) primarily due to state administrative
settlement and a decrease in a capital loss valuation allowance.
Fourth Quarter
2010
• a $7.5 million pretax gain ($4.8 million after tax or $0.08 per share) on proceeds received for
final payment related to hurricane losses.
• a $2.2 million pretax gain ($1.4 million after tax or $0.02 per share) related to the sale of three
closed stores.
• a $6.5 million income tax benefit ($0.10 per share) primarily related to net decreases in
unrecognized tax benefits, interest and penalties due to resolutions of federal and state
examinations; decreases in state net operating loss valuation allowances; and a decrease in a
capital loss valuation allowance.
2009
• a $3.1 million pretax charge ($2.0 million after tax or $0.03 per share) for asset impairment and
store closing charges related to certain stores.
• a $5.7 million pretax gain ($3.6 million after tax or $0.05 per share) related to proceeds received
from settlement of the Visa Check/Mastermoney Antitrust litigation.
• a $2.3 million pretax gain ($1.5 million after tax or $0.02 per share) related to the sale of a
vacant store location in Kansas City, Missouri.
F-31