GameStop 2006 Annual Report Download - page 87

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An allowance for doubtful accounts has been recorded to reduce receivables to an amount expected to be collectible.
Receivables consisted of the following:
February 3,
2007
January 28,
2006
(In thousands)
Bankcard receivables ........................................ $22,081 $19,017
Other receivables ........................................... 16,019 21,210
Allowance for doubtful accounts . . .............................. (3,832) (1,489)
Total receivables, net ........................................ $34,268 $38,738
6. Accrued Liabilities
Accrued liabilities consisted of the following:
February 3,
2007
January 28,
2006
(In thousands)
Customer liabilities .......................................... $111,213 $ 89,053
Deferred revenue ........................................... 56,049 40,808
Accrued rent............................................... 16,074 13,501
Accrued interest ............................................ 21,240 19,943
Employee compensation and related taxes ......................... 47,448 36,543
Accrued merger costs and expenses (Note 2) ....................... 8,790 28,089
Other taxes ................................................ 34,851 20,917
Other accrued liabilities ...................................... 61,348 83,005
Total accrued liabilities ....................................... $357,013 $331,859
7. Goodwill, Intangible Assets and Deferred Financing Fees
The changes in the carrying amount of goodwill for the Company’s business segments for the 52 weeks ended
January 28, 2006 and the 53 weeks ended February 3, 2007 were as follows:
United States Canada Australia Europe Total
(In thousands)
Balance at January 29, 2005 ............. $ 317,957 $ — $ — $ 2,931 $ 320,888
Cost relating to the acquisition of Electronics
Boutique.......................... 773,100 116,818 146,419 35,127 1,071,464
Impairment for the 52 weeks ended
January 28, 2006 ................... — — — — —
Balance at January 28, 2006 ............. 1,091,057 116,818 146,419 38,058 1,392,352
Additional cost relating to the acquisition of
Electronics Boutique ................. (1,051) — 805 3,718 3,472
Cost relating to the acquisition of Game
Brands Inc. ....................... 8,083 — — — 8,083
Impairment for the 53 weeks ended
February 3, 2007 ................... — — — — —
Balance at February 3, 2007 ............. $1,098,089 $116,818 $147,224 $41,776 $1,403,907
Intangible assets consist of non-compete agreements, point-of-sale software and amounts attributed to
favorable leasehold interests acquired in the mergers and are included in other non-current assets in the consolidated
F-19
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)