Coach 2010 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2010 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.

Page out of 83

  • 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

TABLE OF CONTENTS
COACH, INC.
Notes to Consolidated Financial Statements
(dollars and shares in thousands, except per share data)
17. SUPPLEMENTAL BALANCE SHEET INFORMATION
The components of certain balance sheet accounts are as follows:
July 2,
2011
July 3,
2010
Property and equipment
Land and building $ 168,550 $ 154,873
Machinery and equipment 32,298 27,659
Furniture and fixtures 394,588 336,240
Leasehold improvements 552,855 499,117
Construction in progress 17,568 15,705
Less: accumulated depreciation (583,511) (485,120)
Total property and equipment, net $ 582,348 $ 548,474
Accrued liabilities
Payroll and employee benefits 177,412 $ 149,688
Accrued rent 34,833 35,637
Dividends payable 65,260 44,776
Operating expenses 196,105 192,624
Total accrued liabilities $ 473,610 $ 422,725
Other liabilities
Deferred lease incentives $ 116,032 $ 111,126
Non-current tax liabilities 162,060 165,676
Tax-related deferred credit (See Note on Income Taxes) 46,534 65,205
Other 81,544 66,620
Total other liabilities $ 406,170 $ 408,627
Accumulated other comprehensive income
Cumulative translation adjustments $ 59,412 $ 35,061
Cumulative effect of adoption of ASC 320-10-35-17, net of taxes of $628
and $628
(1,072) (1,072)
Unrealized losses on cash flow hedging derivatives, net of taxes of $899
and $1,920
(1,465) (2,092)
ASC 715 adjustment and minimum pension liability, net of taxes of
$1,309 and $1,642
(1,964) (2,502)
Accumulated other comprehensive income $ 54,911 $ 29,395
68