TJ Maxx 2015 Annual Report Download - page 81

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Business segment information (continued):
Fiscal Year Ended
In thousands
January 30,
2016
January 31,
2015
February 1,
2014
Identifiable assets:
In the United States
Marmaxx $ 5,526,570 $ 5,014,573 $ 4,700,347
HomeGoods 915,549 777,214 638,742
TJX Canada 1,021,584 1,020,955 962,101
TJX International 1,645,296 1,531,661 1,510,132
Corporate(1) 2,390,483 2,644,347 2,286,345
$11,499,482 $10,988,750 $10,097,667
Capital expenditures:
In the United States
Marmaxx $ 442,910 $ 445,041 $ 551,839
HomeGoods 130,593 148,354 99,828
TJX Canada 71,071 100,779 104,888
TJX International 244,806 217,348 190,123
$ 889,380 $ 911,522 $ 946,678
Depreciation and amortization:
In the United States
Marmaxx $ 364,892 $ 340,830 $ 318,414
HomeGoods 67,204 54,867 47,176
TJX Canada 54,573 66,141 66,295
TJX International 126,020 123,547 114,651
Corporate(2) 4,007 3,590 2,287
$ 616,696 $ 588,975 $ 548,823
(1) Corporate identifiable assets consist primarily of cash, receivables, prepaid insurance, the trust assets in connection with the Executive
Savings Plan and deferred taxes. Consolidated cash, including cash held in our foreign entities, is included with corporate assets for
consistency with the reporting of cash for our segments in the U.S.
(2) Includes debt discount accretion and debt expense amortization.
Note H. Stock Incentive Plan
TJX has a Stock Incentive Plan under which options and other share-based awards may be granted to its
directors, officers and key employees. This plan has been approved by TJX’s shareholders, and all share-based
compensation awards are made under this plan. The Stock Incentive Plan, as amended with shareholder approval,
has provided for the issuance of up to 347.8 million shares with 36.0 million shares available for future grants as of
January 30, 2016. TJX issues shares under the plan from authorized but unissued common stock.
Total compensation cost related to share-based compensation was $94.1 million, $88.0 million and $76.1 million
in fiscal 2016, 2015 and 2014, respectively. As of January 30, 2016, there was $132.4 million of total unrecognized
compensation cost related to nonvested share-based compensation arrangements granted under the plan. That cost
is expected to be recognized over a weighted-average period of two years.
Options for the purchase of common stock are granted with an exercise price that is 100% of market price on the
grant date, generally vest in thirds over a three-year period starting one year after the grant, and have a ten-year
maximum term. When options are granted with other vesting terms, such information is incorporated into the
valuation.
F-20