Dillard's 2013 Annual Report Download - page 61

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F-15
Net interest and debt expense consists of the following:
(in thousands of dollars) Fiscal 2013 Fiscal 2012 Fiscal 2011
Long-term debt:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 59,462 $ 64,505 $ 67,915
Gain on early retirement of long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . ——
(173)
Amortization of debt expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,641 1,845 1,732
61,103 66,350 69,474
Interest on capital lease obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 796 961 1,089
Revolving credit facility expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,628 3,702 3,154
Investment interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,022)(1,417)(1,658)
$ 64,505 $ 69,596 $ 72,059
Interest paid during fiscal 2013, 2012 and 2011 was approximately $54.7 million, $79.0 million and $80.8 million,
respectively.
5. Trade Accounts Payable and Accrued Expenses
Trade accounts payable and accrued expenses consist of the following:
(in thousands of dollars) February 1, 2014 February 2, 2013
Trade accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 464,870 $ 469,237
Accrued expenses:
Taxes, other than income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,216 63,890
Salaries, wages and employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,165 63,361
Liability to customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,560 42,127
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,649 4,328
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,814 3,928
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,062 6,898
$ 640,336 $ 653,769
6. Income Taxes
The provision for federal and state income taxes is summarized as follows:
(in thousands of dollars) Fiscal 2013 Fiscal 2012 Fiscal 2011
Current:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 176,291 $ 205,019 $ 141,473
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,438 1,134 6,878
180,729 206,153 148,351
Deferred:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,990)(60,616)(208,847)
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,661 (477)(2,022)
(7,329)(61,093)(210,869)
$ 173,400 $ 145,060 $ (62,518)