TJ Maxx 2006 Annual Report Download - page 94

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In Thousands
January 27,
2007
January 28,
2006
January 29,
2005
Fiscal Year Ended
Depreciation and amortization:
Marmaxx $ 201,504 $ 183,864 $ 169,020
Winners and HomeSense 36,743 31,582 24,883
T.K. Maxx 56,909 42,895 35,727
HomeGoods 22,825 22,468 20,881
A.J. Wright
(1)
18,400 17,275 14,356
Bob’s Stores 8,411 7,785 5,894
Corporate
(5)
8,318 8,416 8,298
$ 353,110 $ 314,285 $ 279,059
(1) A.J. Wright’s net sales and segment profit (loss) for fiscal 2006 and 2005 has been adjusted to reclassify the operating results of the 34 closed stores
to discontinued operations. Identifiable assets and any balance sheet data in fiscal 2006 and 2005 have not been adjusted and include activity for all
A.J. Wright stores.
(2) A one-time, non-cash charge was recorded in the fiscal year ended January 29, 2005 to conform accounting policies with generally accepted
accounting principles related to the timing of rent expense. This change resulted in a one-time, cumulative, non-cash adjustment of $30.7 million.
See Note A at “Lease Accounting.”
(3) General corporate expense for fiscal 2007 includes pre-tax costs associated with the Computer Intrusion ($5 million) and with a workforce
reduction and other executive termination benefits ($5 million). General corporate expense for fiscal 2006 includes pre-tax costs associated with
executive resignation agreements ($9 million) and with exiting the e-commerce business of ($6 million).
(4) Corporate identifiable assets consist primarily of cash, prepaid pension expense and a note receivable.
(5) Includes debt discount and debt expense amortization.
P. Selected Quarterly Financial Data (Unaudited)
Presented below is selected quarterly consolidated financial data for fiscal 2007 and 2006 that was prepared on the
same basis as the audited consolidated financial statements and includes all adjustments necessary to present fairly, in
all material respects, the information set forth therein on a consistent basis. The first three quarters of fiscal 2007 and all
of fiscal 2006 have been adjusted to reclassify to discontinued operations the operating results of the 34 closed
A.J. Wright stores. See Note C to the consolidated financial statements. The following presents our quarterly data as
reported and as adjusted for discontinued operations.
F-32