Dollar General 2012 Annual Report Download - page 154
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
6. Current and long-term obligations (Continued)
Scheduled debt maturities, including capital lease obligations, for the Company’s fiscal years listed
below are as follows (in thousands): 2013—$892; 2014—$1,371,266; 2015—$1,158; 2016—$1,379; 2017—
$1,380,990; thereafter—$16,543.
7. Assets and liabilities measured at fair value
The following table presents the Company’s assets and liabilities measured at fair value on a
recurring basis as of February 1, 2013, aggregated by the level in the fair value hierarchy within which
those measurements fall.
Quoted Prices
in Active
Markets Significant
for Identical Other Significant
Assets and Observable Unobservable Balance at
Liabilities Inputs Inputs February 1,
(In thousands) (Level 1) (Level 2) (Level 3) 2013
Assets:
Trading securities(a) ..................... $ 5,586 $ — $— $ 5,586
Liabilities:
Long-term obligations(b) .................. 2,780,563 22,228 — 2,802,791
Derivative financial instruments(c) ........... — 4,822 — 4,822
Deferred compensation(d) ................. 22,689 — — 22,689
(a) Reflected at fair value in the consolidated balance sheet as Prepaid expenses and other current
assets of $4,285 and Other assets, net of $1,301.
(b) Reflected at book value in the consolidated balance sheet as Current portion of long-term
obligations of $892 and Long-term obligations of $2,771,336.
(c) Reflected at fair value in the consolidated balance sheet as noncurrent Other liabilities.
(d) Reflected at fair value in the consolidated balance sheet as Accrued expenses and other current
liabilities of $4,285 and noncurrent Other liabilities of $18,404.
The carrying amounts reflected in the consolidated balance sheets for cash, cash equivalents,
short-term investments, receivables and payables approximate their respective fair values. The Company
does not have any fair value measurements using significant unobservable inputs (Level 3) as of
February 1, 2013.
8. Derivative financial instruments
The Company enters into certain financial instrument positions, all of which are intended to be
used to reduce risk by hedging an underlying economic exposure.
Risk management objective of using derivatives
The Company is exposed to certain risks arising from both its business operations and economic
conditions. The Company principally manages its exposures to a wide variety of business and
operational risks through management of its core business activities. The Company manages economic
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