Dollar General 2015 Annual Report Download - page 133
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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. Income taxes (Continued)
year, the IRS may, to a limited extent, examine the Company’s 2011 income tax filings. The IRS, at its
discretion, may also choose to examine the Company’s 2012 through 2014 fiscal year income tax filings.
The Company has various state income tax examinations that are currently in progress. Generally, the
Company’s 2011 and later tax years remain open for examination by the various state taxing authorities.
As of January 29, 2016, accruals for uncertain tax benefits, interest expense related to income taxes
and potential income tax penalties were $7.0 million, $0.9 million and $0.8 million, respectively, for a
total of $8.7 million. This total amount is reflected in noncurrent Other liabilities in the consolidated
balance sheet.
As of January 30, 2015, accruals for uncertain tax benefits, interest expense related to income taxes
and potential income tax penalties were $9.3 million, $1.0 million and $0.4 million, respectively, for a
total of $10.7 million. This total amount is reflected in noncurrent Other liabilities in the consolidated
balance sheet.
The Company believes that it is reasonably possible that the reserve for uncertain tax positions
may be reduced by approximately $2.6 million in the coming twelve months principally as a result of
the effective settlement of outstanding issues. Also, as of January 29, 2016, approximately $7.0 million
of the uncertain tax positions would impact the Company’s effective income tax rate if the Company
were to recognize the tax benefit for these positions.
The amounts associated with uncertain tax positions included in income tax expense consists of the
following:
(In thousands) 2015 2014 2013
Income tax expense (benefit) .................... $(2,379) $(9,497) $(3,915)
Income tax related interest expense (benefit) ........ (23) (1,445) 590
Income tax related penalty expense (benefit) ........ 373 51 30
A reconciliation of the uncertain income tax positions from February 1, 2013 through January 29,
2016 is as follows:
(In thousands) 2015 2014 2013
Beginning balance ........................... $9,343 $19,583 $22,237
Increases—tax positions taken in the current year .... 214 198 3,484
Increases—tax positions taken in prior years ........ 17 62 3,000
Decreases—tax positions taken in prior years ........ (106) (8,636) (608)
Statute expirations ........................... (2,504) (1,121) (7,622)
Settlements ................................ — (743) (908)
Ending balance ............................. $6,964 $ 9,343 $19,583
59