COACH INC | 2013 | FY | 3


18.            SUPPLEMENTAL BALANCE SHEET INFORMATION

 

The components of certain balance sheet accounts are as follows:

 

 

June 29, 2013

 

June 30, 2012

Property and equipment 

 

 

 

 

Land and building

 

$         168,550

 

$         168,550

Machinery and equipment

 

             33,172

 

             34,056

Furniture and fixtures

 

           564,574

 

           490,892

Leasehold improvements

 

           632,550

 

           618,583

Construction in progress

 

             67,665

 

             19,774

 

 

 

 

 

Less: accumulated depreciation

 

         (771,740)

 

(687,406)

Total property and equipment, net

 

$         694,771

 

$         644,449

 

 

 

 

 

Accrued liabilities 

 

 

 

 

Payroll and employee benefits

 

$         193,112

 

$         184,918

Accrued rent

 

             39,984

 

             37,834

Dividends payable

 

             94,998

 

             85,796

Operating expenses

 

           215,059

 

           231,850

Total accrued liabilities

 

$         543,153

 

$         540,398

 

 

 

 

 

Other liabilities 

 

 

 

 

Deferred lease incentives

 

$         117,502

 

$         116,302

Non-current tax liabilities

 

           148,810

 

           155,599

Tax-related deferred credit

 

                       -

 

             22,520

Other 

 

           133,432

 

             97,824

Total other liabilities

 

$         399,744

 

$         392,245

 

 

 

 

 

 Accumulated other comprehensive income

 

 

 

 

Cumulative translation adjustments 

 

$         (11,630)

 

$           55,360

Cumulative effect of adoption of ASC 320-10-35-17,
    net of taxes of $628 and $628 

 

             (1,072)

 

(1,072)

Unrealized gains (losses) on cash flow hedging
    derivatives, net of taxes of $(2,332) and $576  (a)

 

               3,741

 

(461)

Unrealized losses on available-for-sale investments

 

             (1,276)

 

                      -

ASC 715 adjustment and minimum pension
    liability, net of taxes of $1,490 and $2,028 

 

             (2,009)

 

(3,352)

Accumulated other comprehensive income

 

$         (12,246)

 

$           50,475

 

 

 

 

 

(a)During fiscal 2013, $3,803 of net gains, net of tax of $2,416, has been classified from accumulated other comprehensive income into income.  During fiscal 2012, $3,100 of net losses, net of tax of $2,181, was transferred.

 

 

 


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