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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
1. Summary of Significant Accounting Policies
Background
GameStop Corp. (together with its predecessor companies, “GameStop,” “we,” “us,” “our,” or the
“Company”) is the world’s largest multichannel video game retailer. The Company sells new and used video
game hardware, physical and digital video game software, accessories, as well as PC entertainment software and
other merchandise primarily through its GameStop, EB Games and Micromania stores. The Company’s stores,
which totaled 6,683 at January 28, 2012, are located in major regional shopping malls and strip centers. We also
operate electronic commerce Web sites www.gamestop.com, www.ebgames.com.au, www.gamestop.ca,
www.gamestop.it, www.gamestop.es, www.gamestop.ie, www.gamestop.de, www.gamestop.co.uk and
www.micromania.fr. In addition, we publish Game Informer magazine, operate the online video gaming Web site
www.kongregate.com, operate Spawn Labs, a streaming technology company, and operate a digital PC game
distribution platform available at www.gamestop.com/pcgames. The Company operates in four business
segments, which are the United States, Australia, Canada and Europe.
The Company is a Delaware corporation, formerly known as GSC Holdings Corp., and has grown through a
business combination (the “EB merger”) of GameStop Holdings Corp., formerly known as GameStop Corp., and
Electronics Boutique Holdings Corp. (“EB”), which was completed on October 8, 2005.
Basis of Presentation and Consolidation
Our consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries
and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated
in consolidation. All dollar and share amounts (other than dollar amounts per share) in the consolidated financial
statements are stated in millions unless otherwise indicated.
The Company’s fiscal year is composed of the 52 or 53 weeks ending on the Saturday closest to the last day
of January. Fiscal 2011 consisted of the 52 weeks ended on January 28, 2012. Fiscal 2010 consisted of the
52 weeks ended on January 29, 2011. Fiscal 2009 consisted of the 52 weeks ended on January 30, 2010. The
financial statements included herein for fiscal 2010 and fiscal 2011 include the results of Kongregate Inc., the
online video gaming company acquired by the Company on August 1, 2010.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America (“GAAP”) requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. In preparing
these financial statements, management has made its best estimates and judgments of certain amounts included in
the financial statements, giving due consideration to materiality. Changes in the estimates and assumptions used
by management could have significant impact on the Company’s financial results. Actual results could differ
from those estimates.
Reclassifications
Certain reclassifications have been made to conform the prior period data to the current year presentation.
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