Best Buy 2011 Annual Report Download - page 33

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(6) Comparable store sales is a measure commonly used in the retail industry, which indicates store performance by measuring the
growth in revenue for certain stores for a particular period over the corresponding period in the prior year. Our comparable store
sales is comprised of revenue from stores operating for at least 14 full months as well as revenue related to call centers, Web sites
and our other comparable sales channels. Revenue we earn from sales of merchandise to wholesalers or dealers is not included
within our comparable store sales calculation. Relocated, remodeled and expanded stores are excluded from the comparable store
sales calculation until at least 14 full months after reopening. Acquired stores are included in the comparable store sales calculation
beginning with the first full quarter following the first anniversary of the date of the acquisition. The portion of our calculation of the
comparable store sales percentage change attributable to our International segment excludes the effect of fluctuations in foreign
currency exchange rates. The method of calculating comparable store sales varies across the retail industry. As a result, our method
of calculating comparable store sales may not be the same as other retailers’ methods.
(7) The current ratio is calculated by dividing total current assets by total current liabilities.
(8) As a result of the adoption of new accounting guidance related to the treatment of noncontrolling interests in consolidated financial
statements, we recharacterized minority interests previously reported on our consolidated balance sheets as noncontrolling interests
and classified them as a component of shareholders’ equity. As a result, we have reclassified total shareholders’ equity for fiscal
years 2009, 2008 and 2007 to include noncontrolling interests of $513, $40 and $35, respectively.
(9) In the second quarter of fiscal 2009, we acquired 2,414 stores pursuant to our acquisition of a 50% interest in Best Buy Europe.
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