Dillard's 2009 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2009 Dillard's 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 82

  • 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

The items below are included in the Selected Financial Data.
2009
The items below amount to a net $6.6 million pretax gain ($14.7 million after tax gain or $0.19 per
share).
• a $3.1 million pretax charge ($2.0 million after tax or $0.03 per share) for asset impairment and
store closing charges related to certain stores (see Note 16 of the Notes to Consolidated
Financial Statements).
• a $5.7 million pretax gain ($3.6 million after tax or $0.05 per share) related to proceeds received
from settlement of the Visa Check/Mastermoney Antitrust litigation (see Note 14 of the Notes
to Consolidated Financial Statements).
• a $10.6 million income tax benefit ($0.14 per diluted share) primarily due to state administrative
settlement and a decrease in a capital loss valuation allowance.
• a $1.7 million pretax gain ($1.0 million after tax or $0.01 per share) on the early extinguishment
of debt related to the repurchase of certain unsecured notes (see Note 6 of the Notes to
Consolidated Financial Statements).
• a $2.3 million pretax gain ($1.5 million after tax or $0.02 per share) related to the sale of a
vacant store location in Kansas City, Missouri.
2008
The items below amount to a net $180.4 million pretax charge ($125.5 million after tax charge or
$1.69 per share).
• a $197.9 million pretax charge ($136.5 million after tax or $1.84 per share) for asset impairment
and store closing charges related to certain stores (see Note 16 of the Notes to Consolidated
Financial Statements).
• a $7.3 million pretax charge ($4.6 million after tax or $0.06 per share) related to hurricane losses
and remediation expenses incurred during the 2008 hurricane season.
• a $24.8 million pretax gain ($15.6 million after tax or $0.21 per share) related to the sale of an
aircraft and the sale of a store located in San Antonio, Texas.
2007
The items below amount to a net $2.3 million pretax charge ($10.7 million after tax gain or $0.13
per diluted share).
• a $20.5 million pretax charge ($12.8 million after tax or $0.16 per diluted share) for asset
impairment and store closing charges related to certain stores (see Note 16 of the Notes to
Consolidated Financial Statements).
• an $18.2 million pretax gain ($11.5 million after tax or $0.14 per diluted share) related to
reimbursement for inventory and property damages incurred during the 2005 hurricane season
(see Note 15 of the Notes to Consolidated Financial Statements).
• a $12.0 million income tax benefit ($0.15 per diluted share) primarily due to state administrative
settlement, federal credits and the change in a capital loss valuation allowance.
14