Dollar Tree 2011 Annual Report Download - page 38

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NOTE 2—BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of January 28, 2012 and January 29, 2011 consists of the following:
(in millions) January 28, 2012 January 29, 2011
Land $ 38.2 $ 35.1
Buildings 209.8 192.3
Leasehold improvements 783.6 706.3
Furniture, fixtures and equipment 1,075.5 980.9
Construction in progress 48.7 30.8
To tal property, plant and equipment 2,155.8 1,945.4
Less: accumulated depreciation 1,330.5 1,204.3
To tal property, plant and equipment, net $ 825.3 $ 741.1
Depreciation expense was $164.2 million, $159.7 million and $157.8 million for the years ended January 28, 2012,
January 29, 2011, and January 30, 2010, respectively.
Other Current Liabilities
Other current liabilities as of January 28, 2012 and January 29, 2011 consist of accrued expenses for the following:
(in millions) January 28, 2012 January 29, 2011
Compensation and benefits $ 81.2 $ 76.5
Taxes (other than income taxes) 33.6 21.2
Insurance 31.2 29.7
Other 69.5 63.1
To tal other current liabilities $ 215.5 $ 190.5
Other Long-Term Liabilities
Other long-term liabilities as of January 28, 2012 and January 29, 2011 consist of the following:
(in millions) January 28, 2012 January 29, 2011
Deferred rent $ 77.9 $ 73.0
Insurance 48.9 39.9
Other 10.7 10.6
To tal other long-term liabilities $ 137.5 $ 123.5
36 Dollar Tree, Inc.