Dollar General 2011 Annual Report Download - page 173

10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
5. Income taxes (Continued)
the Company’s effective income tax rate if the Company were to recognize the tax benefit for these
positions.
The amounts associated with uncertain tax positions included in income tax expense consists of the
following:
(In thousands) 2011 2010 2009
Income tax expense (benefit) .................... $ 97 $(12,000) $11,900
Income tax related interest expense (benefit) ......... 968 (5,800) 2,300
Income tax related penalty expense (benefit) ......... 63 (700) 400
A reconciliation of the uncertain income tax positions from January 30, 2009 through February 3,
2012 is as follows:
(In thousands) 2011 2010 2009
Beginning balance .......................... $26,429 $ 67,636 $59,057
Increases—tax positions taken in the current year . . . 125 125 13,701
Increases—tax positions taken in prior years ....... 15,840 — 4,039
Decreases—tax positions taken in prior years ....... — (36,973) (1,111)
Statute expirations .......................... (376) (1,570) —
Settlements ............................... — (2,789) (8,050)
Ending balance ............................ $42,018 $ 26,429 $67,636
6. Current and long-term obligations
Current and long-term obligations consist of the following:
February 3, January 28,
(In thousands) 2012 2011
Senior secured term loan facility, maturity July 6, 2014 .... $1,963,500 $1,963,500
ABL Facility, maturity July 6, 2013 .................. 184,700 —
105⁄8% Senior Notes due July 15, 2015, net of discount of
$— and $11,161, respectively ..................... — 853,172
117⁄8/125⁄8% Senior Subordinated Notes due July 15, 2017 . . 450,697 450,697
Capital lease obligations .......................... 5,089 6,363
Tax increment financing due February 1, 2035 .......... 14,495 14,495
2,618,481 3,288,227
Less: current portion ............................ (590) (1,157)
Long-term portion .............................. $2,617,891 $3,287,070
As of February 3, 2012 the Company has senior secured credit agreements (the ‘‘Credit Facilities’’)
which provide total financing of $2.995 billion, consisting of $1.964 billion in a senior secured term loan
facility (‘‘Term Loan Facility’’), and a senior secured asset-based revolving credit facility (‘‘ABL
Facility’’) of up to $1.031 billion, subject to borrowing base availability.
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