Ross 2011 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2011 Ross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 75

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75

49
The components of deferred income taxes at January 28, 2012 and January 29, 2011 are as follows:
($000) 2011 2010
Deferred Tax Assets
Accrued liabilities $ 43,215 $ 27,309
Deferred compensation 34,736 32,131
Stock-based compensation 16,969 13,772
Deferred rent 13,115 11,003
California franchise taxes 11,286 8,493
Employee benefits 10,074 2,754
Other 3,260 9,406
132,655 104,868
Deferred Tax Liabilities
Depreciation (199,119) (150,042)
Merchandise inventory (20,129) (21,046)
Supplies (9,024) (8,266)
Prepaid expenses (7,305) (6,714)
(235,577) (186,068)
Net Deferred Tax Liabilities $ (102,922) $ (81,200)
Classified as:
Current net deferred tax asset $ 5,598 $ 10,003
Long-term net deferred tax liability (108,520) (91,203)
Net Deferred Tax Liabilities $ (102,922) $ (81,200)
The changes in amounts of unrecognized tax benefits (gross of federal tax benefits and excluding interest) at fiscal 2011, 2010,
and 2009 are as follows:
($000) 2011 2010 2009
Unrecognized tax benefits — beginning of year $ 43,990 $ 33,349 $ 26,338
Gross increases:
Tax positions in current period 9,245 8,957 7,314
Tax positions in prior period 12,193 4,343 2,308
Gross decreases:
Tax positions in prior periods (4,491) — —
Lapse of statute limitations (682) (1,348) (1,731)
Settlements (3,731) (1,311) (880)
Unrecognized tax benefits — end of year $ 56,524 $ 43,990 $ 33,349