Dick's Sporting Goods 2012 Annual Report Download - page 62

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40
Tax Matters
Presently, the Company does not believe that there are any tax matters that could materially affect the
Consolidated Financial Statements.
Seasonality and Quarterly Results
The Company’s business is subject to seasonal fluctuations. Significant portions of the Company’s net
sales and profits are realized during the fourth quarter of the Company’s fiscal year, which is due in
part to the holiday selling season and in part to sales of cold weather sporting goods and apparel. Any
decrease in fiscal fourth quarter sales, whether because of a slow holiday selling season, unseasonable
weather conditions or otherwise, could have a material adverse effect on our business, financial
condition and operating results for the entire fiscal year.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The financial statements required to be filed hereunder are set forth on pages 48 through 74 of this
report.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
The Company carried out an evaluation, under the supervision and with the participation of the
Company’s management, including the Chief Executive Officer and the Chief Financial Officer, of the
effectiveness of the design and operation of the disclosure controls and procedures, as defined in
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the ‘‘Exchange
Act’’). Based upon that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer
concluded that, as of February 2, 2013, the Company’s disclosure controls and procedures were
effective in ensuring that material information relating to the Company, including its consolidated
subsidiaries, required to be disclosed by the Company in reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission’s rules and forms, and that it is accumulated and communicated
to management, including our principal executive and financial officers, or persons performing similar
functions, as appropriate to allow timely decisions regarding required disclosure.
Report of Management on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over
financial reporting. Internal control over financial reporting is a process to provide reasonable
assurance regarding the reliability of our financial reporting for external purposes in accordance with
accounting principles generally accepted in the United States of America. Internal control over
financial reporting includes: maintaining records that in reasonable detail accurately and fairly reflect
our transactions; providing reasonable assurance that transactions are recorded as necessary for
preparation of our financial statements; providing reasonable assurance that receipts and expenditures
of Company assets are made in accordance with management authorization; and providing reasonable
assurance that unauthorized acquisition, use or disposition of Company assets that could have a
material effect on our financial statements would be prevented or detected on a timely basis.