Ross 2010 Annual Report Download - page 48

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46
The components of deferred income taxes at January 29, 2011 and January 30, 2010 are as follows:
($000) 2010 2009
Deferred Tax Assets
Deferred compensation $ 32,131 $ 29,014
Deferred rent 11,003 11,094
Employee benefi ts 2,754 —
Accrued liabilities 27,309 20,275
California franchise taxes 8,493 5,399
Stock-based compensation 13,772 7,224
Other 9,406 9,995
104,868 83,001
Deferred Tax Liabilities
Depreciation (150,042) (138,134)
Merchandise inventory (21,046) (24,652)
Employee benefi ts — (5,529)
Supplies (8,266) (7,811)
Prepaid expenses (6,714) (6,052)
(186,068) (182,178)
Net Deferred Tax Liabilities $ (81,200) $ (99,177)
Classifi ed as:
Current net deferred tax asset (liability) $ 10,003 $ (2,894)
Long-term net deferred tax liability (91,203) (96,283)
Net Deferred Tax Liabilities $ (81,200) $ (99,177)
The changes in amounts of unrecognized tax benefi ts (gross of federal tax benefi ts and excluding interest) at fi scal 2010, 2009,
and 2008 are as follows:
($000) 2010 2009 2008
Unrecognized tax benefi ts — beginning of year $ 33,349 $ 26,338 $ 23,218
Gross increases:
Tax positions in current period 8,957 7,314 4,695
Tax positions in prior period 4,343 2,308 3,658
Gross decreases:
Tax positions in prior periods — — (1,115)
Lapse of statute limitations (1,348) (1,731) (1,783)
Settlements (1,311) (880) (2,335)
Unrecognized tax benefi ts — end of year $ 43,990 $ 33,349 $ 26,338