Stein Mart 2013 Annual Report Download - page 46
Download and view the complete annual report
Please find page 46 of the 2013 Stein Mart 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.67(,10$57,1&
127(672&2162/,'$7('),1$1&,$/67$7(0(176
'ROODUVLQWDEOHVLQWKRXVDQGVH[FHSWSHUVKDUHDPRXQWV
)
7KHWRWDOIDLUYDOXHRIUHVWULFWHGVWRFNYHVWHGZDVPLOOLRQPLOOLRQDQGPLOOLRQDQGUHVSHFWLYHO\7KHWRWDO
IDLU YDOXH RI SHUIRUPDQFH DZDUGV YHVWHG ZDV PLOOLRQ DQG PLOOLRQ GXULQJ DQG UHVSHFWLYHO\ 7KHUH ZHUH QR
SHUIRUPDQFHVKDUHVYHVWHGLQ
6KDUH%DVHG&RPSHQVDWLRQ([SHQVH
)RUWKH\HDUVHQGHG)HEUXDU\)HEUXDU\DQG-DQXDU\SUHWD[VKDUHEDVHGFRPSHQVDWLRQH[SHQVHZDVUHFRUGHG
DVIROORZV
&RVWRIPHUFKDQGLVHVROG
6HOOLQJJHQHUDODQGDGPLQLVWUDWLYHH[SHQVHV
7RWDOVKDUHEDVHGFRPSHQVDWLRQH[SHQVH
7KHWRWDOWD[EHQHILWUHFRJQL]HGLQWKH&RQVROLGDWHG6WDWHPHQWVRI,QFRPHUHODWHGWRVKDUHEDVHGFRPSHQVDWLRQH[SHQVHZDVPLOOLRQ
PLOOLRQDQGPLOOLRQIRUDQGUHVSHFWLYHO\$VDUHVXOWRIWKHGLYLGHQGSD\PHQWVWRKROGHUVRIXQYHVWHGUHVWULFWHG
VWRFNLQ'HFHPEHUZHUHFRJQL]HGPLOOLRQRIDGGLWLRQDOVKDUHEDVHGFRPSHQVDWLRQH[SHQVHLQILVFDO
&RPPLWPHQWVDQG&RQWLQJHQFLHV
3URGXFW3XUFKDVH&RPPLWPHQWV
$VRI)HEUXDU\ZHKDGYDULRXVFRPPLWPHQWVWRSXUFKDVHPLOOLRQRIPHUFKDQGLVHIURPFHUWDLQYHQGRUV
,QYHVWLJDWLRQDQG/LWLJDWLRQ
2Q -XO\ WKH 6HFXULWLHV DQG ([FKDQJH &RPPLVVLRQ WKH ³6(&´ LQIRUPHG XV WKDW LW ZDV FRQGXFWLQJ DQ LQYHVWLJDWLRQ RI WKH
&RPSDQ\DQGPDGHDUHTXHVWIRUYROXQWDU\SURGXFWLRQRIGRFXPHQWVDQGLQIRUPDWLRQ7KHUHTXHVWLVIRFXVHGRQRXUUHFHQWUHVWDWHPHQWRI
SULRUILQDQFLDOVWDWHPHQWVDQGRXUFKDQJHLQDXGLWRUV:HDUHFRRSHUDWLQJIXOO\ZLWKWKH6(&LQWKLVPDWWHU:HDUHXQDEOHWRSUHGLFWZKDW
DFWLRQLIDQ\PLJKWEHWDNHQLQWKHIXWXUHE\WKH6(&DVDUHVXOWRIWKHPDWWHUVWKDWDUHWKHVXEMHFWRIWKHLQYHVWLJDWLRQRUZKDWLPSDFWWKH
FRVWRIUHVSRQGLQJWRWKHLQYHVWLJDWLRQPLJKWKDYHRQRXUILQDQFLDOFRQGLWLRQRUUHVXOWVRIRSHUDWLRQV
:HDUHLQYROYHGLQYDULRXVURXWLQHOHJDOSURFHHGLQJVLQFLGHQWDOWRWKHFRQGXFWRIRXUEXVLQHVV0DQDJHPHQWEDVHGXSRQWKHDGYLFHRI
RXWVLGHOHJDOFRXQVHOGRHVQRWEHOLHYHWKDWDQ\RIWKHVHOHJDOSURFHHGLQJVZLOOKDYHDPDWHULDODGYHUVHHIIHFWRQRXUILQDQFLDOFRQGLWLRQ
UHVXOWVRIRSHUDWLRQVRUFDVKIORZV
6WRUH&ORVLQJ&KDUJHV
:HFORVHXQGHUSHUIRUPLQJVWRUHVLQWKHQRUPDOFRXUVHRIEXVLQHVV:HFORVHGWKUHHVWRUHVLQDQGILYHVWRUHVLQDQG
LQFXUULQJOHDVHWHUPLQDWLRQDQGVHYHUDQFHFRVWV/HDVHWHUPLQDWLRQFRVWVDUHQHWRIHVWLPDWHGVXEOHDVHLQFRPHWKDWFRXOGUHDVRQDEO\EH
REWDLQHGIRUWKHSURSHUWLHV,QWKHHYHQWZHDUHQRWVXFFHVVIXOLQVXEOHDVLQJFORVHGVWRUHORFDWLRQVZKHQPDQDJHPHQWH[SHFWVDGGLWLRQDO
UHVHUYHVIRUVWRUHFORVLQJFRVWVPD\EHUHFRUGHG'XULQJDQGZHUHFRUGHGQHWSUHWD[FKDUJHVRIPLOOLRQ
PLOOLRQDQGPLOOLRQUHVSHFWLYHO\IRUVWRUHFORVLQJFKDUJHVLQFOXGLQJDGMXVWPHQWVWR SUHYLRXVO\UHFRUGHGVWRUH FORVLQJUHVHUYHV IRU
FKDQJHVLQHVWLPDWHGVXEOHDVHLQFRPH6WRUHFORVLQJFKDUJHVDUHLQFOXGHGLQ6*$H[SHQVHVLQWKH&RQVROLGDWHG6WDWHPHQWVRI,QFRPH