American Eagle Outfitters 2009 Annual Report Download - page 58

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Equity awards to purchase approximately 6.6 million, 7.6 million, and 2.5 million shares of common stock during
the Fiscal 2009, Fiscal 2008 and Fiscal 2007, respectively, were outstanding, but were not included in the computation
of weighted average diluted common share amounts as the effect of doing so would have been anti-dilutive.
Additionally, for Fiscal 2009 and Fiscal 2008, approximately 0.4 million and 0.8 million shares, respectively,
of performance-based restricted stock were not included in the computation of weighted average diluted common
share amounts because the number of shares ultimately issued is contingent on the Company’s performance
compared to pre-established annual performance goals.
6. Accounts Receivable
Accounts receivable are comprised of the following:
January 30,
2010
January 31,
2009
(In thousands)
Construction allowances ...................................... $11,132 $11,139
Merchandise sell-offs ........................................ 8,063 17,057
Interest income ............................................. 217 1,355
Marketing cost reimbursements . . . .............................. 2,556 2,363
Credit card receivable ........................................ 7,832 5,175
Merchandise vendor receivables . . .............................. 375 2,899
Gift card receivable ......................................... 1,413 115
Franchise receivable ......................................... 1,419 —
Other .................................................... 1,739 1,368
Total .................................................... $34,746 $41,471
7. Property and Equipment
Property and equipment consists of the following:
January 30,
2010
January 31,
2009
(In thousands)
Land ................................................... $ 6,364 $ 6,364
Buildings................................................ 151,484 122,414
Leasehold improvements . ................................... 645,794 605,299
Fixtures and equipment . . ................................... 590,610 536,009
Construction in progress. . ................................... 554 28,543
$1,394,806 $1,298,629
Less: Accumulated depreciation and amortization .................. (681,664) (558,389)
Net property and equipment .................................. $ 713,142 $ 740,240
Depreciation expense is summarized as follows:
January 30,
2010
January 31,
2009
February 2,
2008
For the Years Ended
(In thousands)
Depreciation expense .............................. $144,883 $130,802 $108,919
57
AMERICAN EAGLE OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)