Pep Boys 2009 Annual Report Download - page 78
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(3) Includes an aggregate pretax charge of $5,353 for asset impairment, of which $2,779 was charged to merchandise cost of
sales, $648 was charged to service cost of sales and $1,926 (pretax) was charged to discontinued operations.
(4) Includes an aggregate pretax charge of $10,963 for the asset impairment and closure of 31 stores, of which $5,350 was
charged to merchandise cost of sales, $1,849 was charged to service cost of sales and $3,764 (pretax) was charged to
discontinued operations. In addition we recorded a pretax $32,803 inventory impairment charge to cost of merchandise sales
for the discontinuance of certain product offerings.
(5) Includes a pretax charge of $4,200 related to an asset impairment charge reflecting the remaining value of a commercial
sales software asset, which was included in selling, general and administrative expenses.
(6) Statement of operations data reflects 53 weeks for the fiscal year ended February 3, 2007 while the other fiscal years reflect
52 weeks.
(7) Gross profit from merchandise sales includes the cost of products sold, buying, warehousing and store occupancy costs.
Gross profit from service revenue includes the cost of installed products sold, buying, warehousing, service payroll and
related employee benefits and occupancy costs. Occupancy costs include utilities, rents, real estate and property taxes,
repairs and maintenance and depreciation and amortization expenses. Our gross profit may not be comparable to those of
our competitors due to differences in industry practice regarding the classification of certain costs.
(8) Return on average stockholders’ equity is calculated by taking the net earnings (loss) for the period divided by average
stockholders’ equity for the year.
(9) Includes the purchase of master lease assets for $117,121.
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