Coach 2009 Annual Report Download - page 65
Download and view the complete annual report
Please find page 65 of the 2009 Coach 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
 |
 |
TABLE OF CONTENTS
COACH, INC.
Notes to Consolidated Financial Statements
(dollars and shares in thousands, except per share data)
11. INCOME TAXES
The provisions for income taxes computed by applying the U.S. statutory rate to income before taxes as reconciled to the actual
provisions were:
Fiscal Year Ended
July 3, 2010 June 27, 2009 June 28, 2008
Amount Percentage Amount Percentage Amount Percentage
Income before provision for
income taxes and discontinued
operations:
United States $ 989,255 85.9% $ 870,819 89.1% $ 1,082,584 90.6%
Foreign 162,673 14.1 106,262 10.9 112,365 9.4
Total income before provision for
income taxes and discontinued
operations:
$1,151,928 100.0% $ 977,081 100.0% $1,194,949 100.0%
Tax expense at U.S. statutory rate $ 403,174 35.0% $ 341,978 35.0% $ 418,232 35.0%
State taxes, net of federal benefit 35,292 3.1 35,065 3.6 43,787 3.7
Foreign tax rate differential (39,631) (3.5) (9,202) (0.9) (7,750) (0.6)
Tax benefit, primarily due to
settlements of tax return
examinations
— 0.0 (9,289) (1.0) (49,968) (4.2)
Other, net 18,153 1.6 (4,840) (0.5) 7,609 0.6
Taxes at effective worldwide rates $ 416,988 36.2% $ 353,712 36.2% $ 411,910 34.5%
Current and deferred tax provisions (benefits) were:
Fiscal Year Ended
July 3, 2010 June 27, 2009 June 28, 2008
Current Deferred Current Deferred Current Deferred
Federal $ 384,088 $ (40,613) $298,996 $ (5,646) $ 334,381 $ (21,391)
Foreign (9,956) 28,449 (4,544) 14,788 25,624 5,931
State 59,985 (4,965) 45,600 4,518 68,812 (1,447)
Total current and deferred tax
provisions (benefits)
$ 434,117 $ (17,129) $ 340,052 $ 13,660 $ 428,817 $ (16,907)
61