Cabela's 2014 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2014 Cabela's 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.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

10
income in the fourth quarter. Because of our retail store expansion, and fixed costs associated with retail stores, our
quarterly operating income may be further impacted by these seasonal fluctuations. We anticipate our sales will
continue to be seasonal in nature. Refer to Note 25 “Quarterly Financial Information” of the Notes to Consolidated
Financial Statements for financial information by quarter for 2014 and 2013.
Government Regulation
We are subject to numerous laws and regulations covering a wide variety of subject matter, including
consumer protection, firearms and ammunition, Federal Trade Commission (FTC”), and banking regulations.
New laws and regulations (or new interpretations of existing laws and regulations) may also impact our business.
The costs of compliance with these laws and regulations are high and are likely to increase in the future and
any failure on our part to comply with these laws and regulations may subject us to significant liabilities and
other penalties.
We pay applicable corporate income, franchise, sales, and other taxes to states in which our retail stores are
physically located. As we open more retail stores, we will be subject to tax in an increasing number of state and
local taxing jurisdictions.
Intellectual Property
Cabela, Cabelas CLUB®, Cabelas.com®, Worlds Foremost Outfitter®, Worlds Foremost Ban, and
Bargain Cave® are among our registered service marks or trademarks with the United States Patent and Trademark
Office. We have numerous pending applications for trademarks. In addition, we own other registered and
unregistered trademarks and service marks involving advertising slogans and other names and phrases used in our
business. We own certain patents associated with various products. We also own trade secrets, domain names, and
copyrights, which have been registered for each of our catalogs.
We believe that our trademarks are valid and valuable and intend to maintain our trademarks and any related
registrations. We do not know of any material pending claims of infringement or other challenges to our right to
use our marks in the United States or elsewhere. We have no franchises or other concessions which are material to
our operations.
Available Information
Our website address is www.cabelas.com. We make available on our website our annual reports on Form
10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to those reports, proxy
statements and annual reports to shareholders, and, from time to time, other documents, free of charge, as soon as
reasonably practicable after we electronically file such material with or furnish it to the Securities and Exchange
Commission (the “SEC”). Our SEC reports can be accessed through the investor relations section of our website.
The information on our website, whether currently posted or in the future, is not part of this or any other report
we file with or furnish to the SEC. Additionally, the public may read and copy any of the materials we file with
the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. The public may obtain
information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC
maintains an Internet site that contains reports, proxy and information statements, and other information regarding
issuers, such as Cabelas, that file electronically with the SEC. The address of the SEC’s website is www.sec.gov.