Cabela's 2013 Annual Report Download - page 114

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104
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
21. EARNINGS PER SHARE
The following table reconciles the weighted average number of shares utilized in the earnings per share
calculations for the years ended:
2013 2012 2011
Common shares – basic 70,461,450 69,856,258 69,194,663
Effect of incremental dilutive securities:
Stock options, nonvested stock units, and employee stock
purchase plans 1,317,093 1,853,615 2,079,579
Common shares – diluted 71,778,543 71,709,873 71,274,242
Stock options outstanding and nonvested stock units issued
considered anti-dilutive excluded from calculation 30,000 - 228,545
22. SUPPLEMENTAL CASH FLOW INFORMATION
The following table sets forth non-cash financing and investing activities and other cash flow information for
the years ended:
2013 2012 2011
Non-cash financing and investing activities:
Accrued property and equipment additions (1) $ 36,707 $ 23,225 $ 7,483
Contribution of land received - 2,287 -
Other than temporary impairment of economic
development bonds - 5,030 24,314
Impairment of deferred grant income (4,931) (5,030) (24,314)
Other cash flow information:
Interest paid (2) $ 78,261 $ 78,841 $ 94,440
Capitalized interest (4,270) (2,798) (126)
Interest paid, net of capitalized interest $ 73,991 $ 76,043 $ 94,314
Income taxes, net of refunds $ 83,118 $ 136,959 $ 44,778
(1) Accrued property and equipment additions are recognized in the consolidated statements of cash flows in the
year they are paid.
(2) Includes interest from the Financial Services segment totaling $63,363, $54,301, and $70,867 for 2013, 2012,
and 2011, respectively.
23. SEGMENT REPORTING
The Company has three reportable segments: Retail, Direct, and Financial Services. The Retail segment
sells products and services through the Company’s retail stores. The Direct segment sells products through our
e-commerce websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. The Financial Services segment
issues co-branded credit cards. For the Retail segment, operating costs consist primarily of labor, advertising,
depreciation, and occupancy costs of retail stores. For the Direct segment, operating costs consist primarily of
direct marketing costs (e-commerce advertising and catalog costs) and order processing costs. For the Financial
Services segment, operating costs consist primarily of advertising and promotion, license fees, third party services
for processing credit card transactions, salaries, and other general and administrative costs.