DSW 2008 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2008 DSW 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 84

  • 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

Th
e
f
o
ll
ow
i
ng ta
bl
e sets
f
ort
h
t
h
e approx
i
mate percentage o
f
our sa
l
es attr
ib
uta
bl
e to eac
h
merc
h
an
di
se
c
ategory
f
or t
h
e
fi
sca
l
years
b
e
l
ow:
Category Fiscal 2008 Fiscal 2007 Fiscal 2006
Women’s
.
....................................... 66% 6
5
%6
5%
M
e
n’
s
.
.......................................... 1
5
% 16% 16%
A
t
hl
et
i
c
.
........................................
14% 14% 14%
Accessories and
O
ther...............................
5
%
5
%
5
%
13. IN
CO
ME TAXE
S
T
he provision for income taxes consists of the followin
g
:
Januar
y
31
,
2009
F
ebruar
y
2
,
200
8
F
ebruar
y
3,
2007
Fi
sca
lY
ea
rEn
ded
(
In thousands
)
C
urrent:
F
ede
r
al
.......................................
$
16,178 $30,259 $32,75
0
S
tate an
dl
oca
l.
................................
2,
094 6
,
528 7
,
04
1
18
,
272 36
,
787 39
,
79
1
D
eferred
:
F
ede
r
a
l
....................................... 1
7
4
(3,896) 2,217
State and local
.
................................
(1,063) 62
5
1
55
(889) (3
,
2
7
1) 2
,
3
7
2
I
ncome tax expens
e
.
.............................
.
$
17
,
383
$
33
,
516
$
42
,
16
3
A
reconc
ili
at
i
on o
f
t
h
e expecte
di
ncome taxes
b
ase
d
upon t
h
e statutory rate
i
sas
f
o
ll
ows
:
January 31
,
2
009
F
ebruary 2
,
2
008
F
ebruary 3,
2
00
7
Fi
sca
lY
ea
rEn
ded
(
In thousands
)
I
ncome tax expense at
f
e
d
era
l
statutor
y
rate
.............
$
15
,
500
$
30
,
552
$
37
,
67
0
S
tate an
dl
oca
l
taxes-net
............................
1,
032 3
,
788 4
,
98
8
T
ax exempt
i
nterest an
d
ot
h
e
r
.
.......................
851
(
824
)(
495
)
$
17
,
383 $33
,
516 $42
,
16
3
T
he net deferred tax asset is recorded in the Company’s balance sheet as follows:
January
31,
2009
F
ebruary
2,
2008
(
In thousands
)
C
urrent deferred tax asse
t
.....................................
$
21
,
876
$
20
,
30
2
N
on-current deferred asset .................................... 80
6
3,
139
T
ota
l—n
et de
f
e
rr
ed ta
x
asset
..................................
$22,682 $23,441
F-
21
DS
W INC
.
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)