Neiman Marcus 2004 Annual Report Download - page 115

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NOTE 12. Accumulated Other Comprehensive Income (Loss)
The following table shows the components of accumulated other comprehensive income (loss):
July 30,
2005
July 31,
2004
August 2,
2003
(in thousands)
Unrealized (loss) gain on financial instruments $ (1,114) $ (546) $ 744
Minimum pension liability adjustments (46,921) (4,673) (26,744)
Other 1,005 683 427
Total accumulated other comprehensive (loss) income $(47,030) $(4,536) $(25,573)
NOTE 13. Segment Reporting
We have identified two reportable segments: Specialty Retail Stores and Direct Marketing. The Specialty Retail Stores segment includes all Neiman
Marcus and Bergdorf Goodman retail stores, including Neiman Marcus clearance stores. The Direct Marketing segment conducts both print catalog and
online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Other includes the operations of Kate Spade LLC and Gurwitch
Products, LLC.
Both the Specialty Retail Stores and Direct Marketing segments, as well as Kate Spade LLC and Gurwitch Products, LLC, derive their revenues from the
sales of high-end fashion apparel, accessories, cosmetics and fragrances from leading designers, precious and fashion jewelry and decorative home
accessories.
The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. Our senior
management evaluates the performance of our assets on a consolidated basis. Interest expense is not allocated by segment.
F-36