Dillard's 2015 Annual Report Download - page 58

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F-16
Net interest and debt expense consists of the following:
(in thousands of dollars) Fiscal 2015 Fiscal 2014 Fiscal 2013
Long-term debt:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,346 $ 57,739 $ 59,462
Amortization of debt expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,555 1,438 1,641
58,901 59,177 61,103
Interest on capital lease obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 588 644 796
Revolving credit facility expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,739 2,719 3,628
Investment interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,305)(1,234)(1,022)
$ 60,923 $ 61,306 $ 64,505
Interest paid during fiscal 2015, 2014 and 2013 was approximately $62.9 million, $62.9 million, $54.7 million,
respectively.
5. Trade Accounts Payable and Accrued Expenses
Trade accounts payable and accrued expenses consist of the following:
(in thousands of dollars) January 30, 2016 January 31, 2015
Trade accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 494,268 $ 530,809
Accrued expenses:
Taxes, other than income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,138 61,341
Salaries, wages and employee benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,240 59,626
Liability to customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,397 51,931
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,301 13,486
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,631 3,934
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,335 9,295
$ 691,310 $ 730,422
6. Income Taxes
The provision for federal and state income taxes is summarized as follows:
(in thousands of dollars) Fiscal 2015 Fiscal 2014 Fiscal 2013
Current:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 173,786 $ 206,387 $ 176,291
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,959 4,020 4,438
176,745 210,407 180,729
Deferred:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (33,708)(32,051)(8,990)
State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,267) 1,124 1,661
(35,975)(30,927)(7,329)
$ 140,770 $ 179,480 $ 173,400