Dollar Tree 2010 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2010 Dollar Tree 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 52

  • 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

Notes to Consolidated Financial Statements
NOTE 2—BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of January 29, 2011 and January 30, 2010 consists of the following:
(in millions) January 29, 2011 January 30, 2010
Land $ 35.1 $ 29.4
Buildings 192.3 180.2
Leasehold improvements 706.3 634.2
Furniture, fi xtures and equipment 980.9 895.5
Construction in progress 30.8 55.5
To tal property, plant and equipment 1,945.4 1,794.8
Less: accumulated depreciation 1,204.3 1,080.5
To tal property, plant and equipment, net $ 741.1 $ 714.3
Depreciation expense was $159.7 million, $157.8 million and $161.1 million for the years ended
January 29,
2011, January 30, 2010, and January 31, 2009,
respectively.
Other Current Liabilities
Other current liabilities as of January 29, 2011 and January 30, 2010 consist of accrued expenses for the following:
(in millions) January 29, 2011 January 30, 2010
Compensation and benefi ts $ 76.5 $ 71.3
Taxes (other than income taxes) 21.2 26.7
Insurance 29.7 27.4
Other 63.1 64.5
To tal other current liabilities $ 190.5 $ 189.9
Other Long-Term Liabilities
Other long-term liabilities as of January 29, 2011 and January 30, 2010 consist of the following:
(in millions) January 29, 2011 January 30, 2010
Deferred rent $ 73.0 $ 69.3
Insurance 39.9 38.5
Other 10.6 12.4
To tal other long-term liabilities $ 123.5 $ 120.2
36 DOLLAR TREE, INC. ♦ 2010 Annual Report