Dollar General 2010 Annual Report Download - page 147
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
5. Property and equipment
Property and equipment is recorded at cost and summarized as follows:
January 28, January 29,
(In thousands) 2011 2010
Land and land improvements ...................... $ 174,439 $ 137,903
Buildings ..................................... 575,305 520,867
Leasehold improvements ......................... 173,836 130,774
Furniture, fixtures and equipment ................... 1,235,756 992,423
Construction in progress .......................... 17,933 10,406
2,177,269 1,792,373
Less accumulated depreciation and amortization ........ 652,694 463,987
Net property and equipment ....................... $1,524,575 $1,328,386
Depreciation expense related to property and equipment was approximately $215.7 million,
$201.1 million and $190.5 million for 2010, 2009 and 2008. Amortization of capital lease assets is
included in depreciation expense.
6. Income taxes
The provision (benefit) for income taxes consists of the following:
(In thousands) 2010 2009 2008
Current:
Federal ............................... $273,005 $173,027 $10,489
Foreign ............................... 1,269 1,465 1,084
State ................................. 28,062 21,002 1,214
302,336 195,494 12,787
Deferred:
Federal ............................... 42,024 12,412 64,403
Foreign ............................... — (49) (3)
State ................................. 12,755 4,817 9,034
54,779 17,180 73,434
$357,115 $212,674 $86,221
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