Stein Mart 2013 Annual Report Download - page 39

67(,10$57,1&
127(672&2162/,'$7('),1$1&,$/67$7(0(176
'ROODUVLQWDEOHVLQWKRXVDQGVH[FHSWSHUVKDUHDPRXQWV
)
EHJLQQLQJDIWHU'HFHPEHU7KHDSSOLFDWLRQRIWKLVJXLGDQFHDIIHFWVSUHVHQWDWLRQRQO\DQGWKHUHIRUHLWLVQRWH[SHFWHGWRKDYHD
PDWHULDOLPSDFWWRWKH&RPSDQ\¶VFRQVROLGDWHGILQDQFLDOVWDWHPHQWVZKHQDGRSWHG

3URSHUW\DQG(TXLSPHQW1HW
3URSHUW\DQGHTXLSPHQWQHWFRQVLVWVRIWKHIROORZLQJ

)HEUXDU\ )HEUXDU\
 
)L[WXUHVHTXLSPHQWDQGVRIWZDUH  
/HDVHKROGLPSURYHPHQWV  
 
$
FFXPXODWHGGHSUHFLDWLRQDQGDPRUWL]DWLRQ  
 
$
VVHWVXQGHUFDSLWDOOHDVHVQHWRIDFFXPXODWHGDPRUWL]DWLRQ
RIDQGUHVSHFWLYHO\  
 


$VVHWVXQGHUFDSLWDOOHDVHV DVRI )HEUXDU\ZHUHSULPDULO\SRLQWRIVDOH DQGUHODWHGVWRUHHTXLSPHQW $V RI)HEUXDU\
WKHVHOHDVHVKDGH[SLUHGDQGDVVHWVDUHLQFOXGHGLQIL[WXUHVHTXLSPHQWDQGVRIWZDUH'HSUHFLDWLRQDQGDPRUWL]DWLRQH[SHQVHIRUSURSHUW\
DQGHTXLSPHQWWRWDOHGPLOOLRQPLOOLRQDQGPLOOLRQIRUDQGUHVSHFWLYHO\

'XULQJDQGZHUHFRUGHGQHWSUHWD[DVVHWLPSDLUPHQWFKDUJHVLQ6*$RIPLOOLRQPLOOLRQDQGPLOOLRQ
UHVSHFWLYHO\WRUHGXFH WKHFDUU\LQJYDOXH RIIL[WXUHV HTXLSPHQW DQG OHDVHKROG LPSURYHPHQWV KHOGIRU XVHDQG FHUWDLQRWKHU DVVHWV LQ
XQGHUSHUIRUPLQJRUFORVLQJVWRUHVWRWKHLUUHVSHFWLYHHVWLPDWHGIDLUYDOXH7KHLPSDLUPHQWFKDUJHVDOVRLQFOXGHGZULWHRIIRIFHUWDLQ
LQIRUPDWLRQWHFKQRORJ\DVVHWVWKDWZHUHUHSODFHG

6WRUHDVVHWVDUHFRQVLGHUHG/HYHODVVHWVLQWKHIDLUYDOXHKLHUDUFK\DVWKHLQSXWVIRUFDOFXODWLQJWKHIDLUYDOXHRIWKHVHDVVHWVDUHEDVHG
RQWKHEHVWLQIRUPDWLRQDYDLODEOHLQFOXGLQJSULFHVIRUVLPLODUDVVHWV,QVWRUHDQGLQIRUPDWLRQWHFKQRORJ\DVVHWVZLWKDFDUU\LQJYDOXH
RIPLOOLRQDQGPLOOLRQZHUHZULWWHQGRZQWRWKHLUIDLUYDOXHRIDQGUHVSHFWLYHO\,QDQGVWRUHDVVHWVZLWKD
FDUU\LQJYDOXHRIPLOOLRQDQGPLOOLRQZHUHZULWWHQGRZQWRWKHLUIDLUYDOXHRIDQGPLOOLRQUHVSHFWLYHO\

$FFUXHG([SHQVHVDQG2WKHU&XUUHQW/LDELOLWLHV
7KHPDMRUFRPSRQHQWVRIDFFUXHGH[SHQVHVDQGRWKHUFXUUHQWOLDELOLWLHVDUHDVIROORZV

)HEUXDU\ )HEUXDU\
 
&RPSHQVDWLRQDQGHPSOR\HHEHQHILWV  
8QUHGHHPHGJLIWDQGPHUFKDQGLVHUHWXUQFDUGV  
3URSHUW\WD[HV  
$
FFUXHGYDFDWLRQ  
2WKHU  
 

5HYROYLQJ&UHGLW$JUHHPHQW
,Q2FWREHUZHHQWHUHGLQWRDQDPHQGHGDQGUHVWDWHGUHYROYLQJFUHGLWDJUHHPHQWWKH³&UHGLW$JUHHPHQW´ZLWK:HOOV)DUJR%DQN
1$7KH&UHGLW$JUHHPHQWSURYLGHVIRUDPLOOLRQVHQLRUVHFXUHGUHYROYLQJFUHGLWIDFLOLW\ZKLFKFDQEHLQFUHDVHGWRPLOOLRQ7KH
&UHGLW$JUHHPHQWPDWXUHVRQ)HEUXDU\DQGUHSODFHVRXUH[LVWLQJPLOOLRQUHYROYLQJFUHGLWIDFLOLW\ ZKLFKZDVWRPDWXUHLQ
HDUO\ %RUURZLQJVXQGHUWKH &UHGLW$JUHHPHQWDUH EDVHGRQDQG FROODWHUDOL]HGE\HOLJLEOHFUHGLWFDUG UHFHLYDEOHVDQGLQYHQWRU\
3URFHHGVPD\EHXVHGIRUJHQHUDOFRUSRUDWHSXUSRVHVLQFOXGLQJLVVXLQJVWDQGE\DQGFRPPHUFLDOOHWWHUVRIFUHGLW

%RUURZLQJV XQGHU WKH &UHGLW $JUHHPHQW VKDOO EH HLWKHU %DVH 5DWH /RDQV RU /,%2 5DWH /RDQV DOO WHUPV DV GHILQHG LQ WKH &UHGLW
$JUHHPHQW%DVH5DWH/RDQVEHDULQWHUHVWHTXDOWRWKHKLJKHVWRIDWKH)HGHUDO)XQGV5DWHSOXVRQHKDOIRIRQHSHUFHQWE
WKH$GMXVWHG/,%25DWHSOXVRQHSHUFHQWRUFWKHUDWHRILQWHUHVWLQHIIHFWIRUVXFKGD\DVSXEOLFO\DQQRXQFHGIURPWLPHWRWLPH
E\:HOOV)DUJRDVLWV³SULPHUDWH´SOXVWKH$SSOLFDEOH0DUJLQ/,%25DWH/RDQVVKDOOEHDULQWHUHVWHTXDOWRWKH$GMXVWHG/,%25DWHSOXV