Dillard's 2012 Annual Report Download - page 82

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Notes to Consolidated Financial Statements (Continued)
15. Quarterly Results of Operations (unaudited) (Continued)
Third Quarter
2012
• a $1.1 million pretax gain ($0.7 million after tax or $0.01 per share) related to the sale of two
former retail store locations.
• a $1.7 million income tax benefit ($0.04 per share) due to a reversal of a valuation allowance
related to a deferred tax asset consisting of a capital loss carryforward.
2011
• a $201.6 million income tax benefit ($3.81 per share) due to a reversal of a valuation allowance
related to the amount of the capital loss carryforward used to offset the capital gain income
recognized on the taxable transfer of properties to our REIT.
• a $1.3 million pretax gain ($0.9 million after tax or $0.02 per share) related to the sale of two
former retail store locations.
Fourth Quarter
2012
• a $10.3 million pretax gain ($6.8 million after tax or $0.14 per share) related to the sale of a
former retail store location.
• a $1.6 million pretax charge ($1.1 million after tax or $0.02 per share) for asset impairment and
store closing charges related to the write-down of a property held for sale and of an operating
property.
• an $18.1 million income tax benefit ($0.38 per share) due to a one-time deduction related to
dividends paid to the Dillard’s Inc. Investment and Employee Stock Ownership Plan.
2011
• a $44.5 million pretax gain ($28.7 million after tax or $0.56 per share), net of settlement related
expenses, related to the settlement of a lawsuit with JDA Software Group for $57.0 million.
F-32