DSW 2008 Annual Report Download - page 66

10. OTHER BENEFIT PLAN
S
T
he Company participates in a 401(k) Plan (the “Plan”). Eligible employees may contribute up to thirty percent
of their compensation to the Plan, on a pre-tax basis, subject to Internal Revenue Service limitations. As of the first day
o
f
t
h
emont
hf
o
ll
ow
i
n
g
an emp
l
o
y
ee’s comp
l
et
i
on o
f
one
y
ear o
f
serv
i
ce as
d
e
fi
ne
d
un
d
er t
h
e terms o
f
t
h
eP
l
an, t
he
Compan
y
matches emplo
y
ee deferrals into the Plan, 100% on the first 3% of eli
g
ible compensation deferred and
5
0
%
on the next 2% of eligible compensation deferred. Additionally, the Company may contribute a discretionary profit
sh
ar
i
ng amount to t
h
eP
l
an eac
h
year
b
ut
h
as not
f
or t
h
epastt
h
ree
fi
sca
l
years. T
h
eCompany
i
ncurre
d
costs assoc
i
ate
d
with the Plan of $1.9 million, $1.8 million and $1.4 million for fiscal
y
ears 2008, 2007 and 2006, respectivel
y.
11.
CO
MMITMENT
S
AND
CO
NTIN
G
EN
C
IE
S
Th
e Compan
yi
s
i
nvo
l
ve
di
nvar
i
ous
l
e
g
a
l
procee
di
n
g
st
h
at are
i
nc
id
enta
l
to t
h
e con
d
uct o
fi
ts
b
us
i
ness. T
he
Compan
y
est
i
mates t
h
e ran
g
eo
fli
a
bili
t
y
re
l
ate
d
to pen
di
n
gli
t
ig
at
i
on w
h
ere t
h
e amount o
f
t
h
e ran
g
eo
fl
oss can
be
e
stimated. The Company records its best estimate of a loss when the loss is considered probable. Where a liability i
s
p
ro
b
a
bl
ean
d
t
h
ere
i
s a range o
f
est
i
mate
dl
oss, t
h
e Company recor
d
st
h
e most
lik
e
l
y est
i
mate
dli
a
bili
ty re
l
ate
d
to t
h
e
cl
a
i
m. In t
h
eop
i
n
i
on o
f
mana
g
ement, t
h
e amount o
f
an
y
potent
i
a
lli
a
bili
t
y
w
i
t
h
respect to t
h
ese procee
di
n
g
sw
ill
no
t
be material to the Compan
y
’s results of operations or financial condition. As additional information becomes
ava
il
a
bl
e, t
h
e Company w
ill
assess t
h
e potent
i
a
lli
a
bili
ty re
l
ate
d
to
i
ts pen
di
ng
li
t
i
gat
i
on an
d
rev
i
se t
h
e est
i
mates as
n
ee
d
e
d
.Rev
i
s
i
ons
i
n
i
ts est
i
mates an
d
potent
i
a
lli
a
bili
ty cou
ld
mater
i
a
ll
y
i
mpact t
h
e Company’s resu
l
ts o
f
o
p
erations and financial condition
.
12.
S
E
G
MENT REP
O
RTIN
G
Th
eCompan
yi
smana
g
e
di
nt
h
ree operat
i
n
g
se
g
ments: DSW stores,
d
sw.com an
dl
ease
dd
epartments. DS
W
s
tores and dsw.com have been a
gg
re
g
ated and are presented as one reportable se
g
ment, as permitted b
y
SFAS No. 13
1
Disc
l
osures a
b
out Segments of an Enterprise an
d
Re
l
ate
d
Informatio
n
,b
ase
d
on t
h
e
i
rs
i
m
il
ar econom
i
cc
h
aracter-
i
st
i
cs, pro
d
ucts, pro
d
uct
i
on processes, target customers an
ddi
str
ib
ut
i
on met
h
o
d
s. T
h
eCompany
h
as
id
ent
ifi
e
d
suc
h
s
e
g
ments based on internal mana
g
ement reportin
g
and mana
g
ement responsibilities and measures se
g
ment profit as
gross pro
fi
t, w
hi
c
hi
s
d
e
fi
ne
d
as net sa
l
es
l
ess cost o
f
sa
l
es. A
ll
operat
i
ons are
l
ocate
di
nt
h
eUn
i
te
d
States. T
h
eta
bl
e
s
b
e
l
ow present segment
i
n
f
ormat
i
on (
i
nt
h
ousan
d
s)
f
or t
h
eCompany’stworeporta
bl
e segments
:
DSW
Leased
D
e
p
artment
s
To
t
al
DS
W Inc
.
As o
f
and
f
or the year ended January 31, 2009
N
et sa
l
es
...................................
$
1
,
298
,
886
$
164
,
058
$
1
,
462
,
944
Gross pro
fit
.................................
351
,
899 27
,
200 379
,
099
C
a
p
ital ex
p
enditure
s
.
..........................
8
0
,
670 304 80
,
974
T
ota
l
assets
.................................
6
5
9,876 61,321 721,19
7
A
so
f
and
f
or the year ended February 2, 2008
N
et sales
...................................
$1,230,217 $175,398 $1,405,615
Gross pro
fit
.................................
344
,
276 25
,
859 370
,
13
5
C
ap
i
ta
l
expen
di
ture
s
...........................
1
01
,
269 1
,
182 102
,
45
1
Tota
l
asset
s
................................
.
641
,
874 52
,
008 693
,
88
2
F
or t
h
e
y
ear en
d
e
d
Fe
b
ruar
y
3, 2007
N
et sales ..................................
.
$1
,
148
,
395 $130
,
665 $1
,
279
,
06
0
Gross
p
rofi
t
.................................
343,734 22,617 366,3
51
C
a
p
ital ex
p
enditure
s
...........................
38,67
5
3,732 42,407
F-
20
D
SW INC
.
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)