Pep Boys 2013 Annual Report Download - page 133

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended February 1, 2014, February 2, 2013 and January 28, 2012
NOTE 11—STORE CLOSURES AND ASSET IMPAIRMENTS (Continued)
The following schedule details activity in the reserve for closed locations for the three years in the
period ended February 1, 2014. The reserve balance includes remaining rent on leases net of sublease
income.
(dollar amounts in thousands)
Balance, January 29, 2011 .................................... $1,241
Accretion of present value of liabilities ........................... 53
Change in assumptions about future sublease income, lease termination . . . 310
Cash payments ............................................ 674
Balance, January 28, 2012 .................................... (477)
Accretion of present value of liabilities ........................... 1,801
Provision for closed locations .................................. 137
Change in assumptions about future sublease income, lease termination . . . 367
Cash payments ............................................ (664)
Balance, February 2, 2013 .................................... 1,641
Accretion of present value of liabilities ........................... 36
Change in assumptions about future sublease income, lease termination . . . 322
Cash payments ............................................ (1,449)
Balance, February 1, 2014 .................................... $ 550
61