GameStop 2012 Annual Report Download - page 111

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
February 1, 2014 with the portion earned vesting in equal annual installments over three years. The remaining
131 thousand shares of restricted stock granted are subject to performance targets which will be measured
following the completion of the 52 weeks ending January 30, 2016. These grants will vest immediately upon
measurement to the extent earned. Shares subject to performance measures may generally be earned in greater or
lesser percentages if targets are exceeded or not achieved by specified amounts.
15. Employees’ Defined Contribution Plan
The Company sponsors a defined contribution plan (the “Savings Plan”) for the benefit of substantially all
of its U.S. employees who meet certain eligibility requirements, primarily age and length of service. The Savings
Plan allows employees to invest up to 60%, for a maximum of $17.0 thousand a year for 2012, of their eligible
gross cash compensation invested on a pre-tax basis. The Company’s optional contributions to the Savings Plan
are generally in amounts based upon a certain percentage of the employees’ contributions. The Company’s
contributions to the Savings Plan during the 53 weeks ended February 2, 2013, the 52 weeks ended January 28,
2012 and January 29, 2011, were $4.6 million, $4.1 million and $3.6 million, respectively.
16. Significant Products
The following table sets forth net sales (in millions) by significant product category for the periods
indicated:
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
Net Sales
Percent
of Total Net Sales
Percent
of Total Net Sales
Percent
of Total
Net sales:
New video game hardware ................... $1,333.4 15.0% $1,611.6 16.9% $1,720.0 18.1%
New video game software ................... 3,582.4 40.3% 4,048.2 42.4% 3,968.7 41.9%
Pre-owned video game products ............... 2,430.5 27.4% 2,620.2 27.4% 2,469.8 26.1%
Other .................................... 1,540.4 17.3% 1,270.5 13.3% 1,315.2 13.9%
Total .................................. $8,886.7 100.0% $9,550.5 100.0% $9,473.7 100.0%
The following table sets forth gross profit (in millions) and gross profit percentages by significant product
category for the periods indicated:
53 Weeks
Ended
February 2,
2013
52 Weeks
Ended
January 28,
2012
52 Weeks
Ended
January 29,
2011
Gross
Profit
Gross
Profit
Percent
Gross
Profit
Gross
Profit
Percent
Gross
Profit
Gross
Profit
Percent
Gross Profit:
New video game hardware ................... $ 101.7 7.6% $ 113.6 7.0% $ 124.9 7.3%
New video game software .................... 786.3 21.9% 839.0 20.7% 819.6 20.7%
Pre-owned video game products ............... 1,170.1 48.1% 1,221.2 46.6% 1,140.5 46.2%
Other .................................... 593.4 38.5% 505.7 39.8% 452.6 34.4%
Total ................................... $2,651.5 29.8% $2,679.5 28.1% $2,537.6 26.8%
F-36