AutoZone 2014 Annual Report Download - page 123
Download and view the complete annual report
Please find page 123 of the 2014 AutoZone 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.-
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
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
 |
 |
53
Once executives have reached the maximum purchases under the Employee Plan, the Fifth Amended and Restated
Executive Stock Purchase Plan (the “Executive Plan”) permits all eligible executives to purchase AutoZone’s
common stock up to 25 percent of his or her annual salary and bonus. Purchases under the Executive Plan were
3,028 shares in fiscal 2014, 3,454 shares in fiscal 2013, and 3,937 shares in fiscal 2012. At August 30, 2014,
245,925 shares of common stock were reserved for future issuance under the Executive Plan.
Note C – Accrued Expenses and Other
Accrued expenses and other consisted of the following:
(in thousands)
August 30,
2014
August 31,
2013
Medical and casualty insurance claims (current portion) ................................
.
$ 74,010
$ 66,133
Accrued compensation, related payroll taxes and benefits .............................
.
159,315
137,165
Property, sales, and other taxes .......................................................................
.
77,332
90,944
Accrued interest ..............................................................................................
.
32,923
40,442
Accrued gift cards ...........................................................................................
.
30,842
32,160
Accrued sales and warranty returns ................................................................
.
17,322
14,171
Capital lease obligations .................................................................................
.
36,505
32,246
Other ...............................................................................................................
.
53,645 54,570
$ 481,894 $ 467,831
The Company retains a significant portion of the insurance risks associated with workers’ compensation,
employee health, general, products liability, property and vehicle insurance. A portion of these self-insured losses
is managed through a wholly owned insurance captive. The Company maintains certain levels for stop-loss
coverage for each self-insured plan in order to limit its liability for large claims. The limits are per claim and are
$1.5 million for workers’ compensation and property, $0.7 million for employee health, and $1.0 million for
general, products liability, and vehicle.
10-K