Pep Boys 2006 Annual Report Download - page 108

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended February 3, 2007, January 28, 2006 and January 29, 2005
(dollar amounts in thousands, except share data)
69
Had the Company adopted the provisions of FIN 47 prior to January 28, 2006, the amount of the asset
retirement obligations on a pro forma basis would have been $3,441 as of January 29, 2005. The following
table summarizes the pro forma net earnings and earnings per share for the fiscal year ended January 29,
2005, had the Company adopted the provisions of FIN 47 prior to January 28, 2006:
Year ended
January 29,
2005
Net Earnings (Loss):
As reported. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $23,579
ProForma...................................................... $23,409
Net Earnings (Loss) per share:
Basic:
Asreported..................................................... $ 0.42
ProForma...................................................... $ 0.42
Diluted:
Asreported..................................................... $ 0.41
ProForma...................................................... $ 0.41
NOTE 13—INCOME TAXES
The provision (benefit) for income taxes includes the following:
Year ended
February 3,
2007
January 28,
2006
January 29,
2005
Current:
Federal......................................... $ — $ — $(21,639)
State........................................... 1,001 1,639 (1,268)
Deferred:
Federal......................................... (2,496) (20,422) 35,379
State........................................... (2,802) (1,786) 2,843
$(4,297) $(20,569) $ 15,315