Dillard's 2012 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2012 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 86

  • 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
  • 85
  • 86

• a $7.5 million pretax gain ($4.8 million after tax or $0.07 per share) on proceeds received for
final payment related to hurricane losses.
• a $5.1 million pretax gain ($3.3 million after tax or $0.05 per share) related to the sale of five
retail store locations.
• a $9.7 million income tax benefit ($0.14 per share) primarily related to net decreases in
unrecognized tax benefits, interest and penalties due to resolutions of federal and state
examinations; decreases in state net operating loss valuation allowances; and a decrease in a
capital loss valuation allowance.
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.
• 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.
• a $10.6 million income tax benefit ($0.14 per 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.
• 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.
• 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.
18