19 Financial information for Buckle is presented in Appendix Beat the end of the book. 5 Dont Required: 1. What is the par value per share for the common stock? Par value pershan Book References 2. How many common shares were issued as of the end of the most recent year? Number of common shares bued 3-a. Did the company have any treasury stock at the end of the most recent year? Yes O No 3.b. How many shares of treasury stock did the company have at the end of the most recent year? Number of 4. How much did the company pay in cash dividends in the most recent year? (Hint: Look in the statement of stockholders' equity in the retained earnings column) (Enter your answers in thousands, not in dollars. For example, $55,000 should be entered as 55.) Cash dividend paid B-5 APPENDIX B The Buckle, Inc., 2017 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) February 3, 2018 Fiscal Year Ended January 28, 2017 January 30, 2016 913,10 S $ 974,873 $ 1,119,616 SALES, Net of returns and allowances of $87.889, $101,375, and $113,325, respectively 577, 705 $33,357 63215 COST OF SALES (Including buying, distribution, and occupancy costs) 380,023 397,168 451,401 Gross profit OPERATING EXPENSES: Selling General and administrative 206,068 39,877 245,945 205.933 38,475 244,405 212.531 1932 251,813 134,078 152,760 229.58 INCOME FROM OPERATIONS 5,407 5.236 3.511 OTHER INCOME Net 139.455 156,271 234,824 INCOME BEFORE INCOME TAXES 49,778 58310 87,541 PROVISION FOR INCOME TAXES (Note 1) 97,961 147.283 89,7075 NET INCOME 204 $ 3.06 EARNINGS PER SHARE (Note ) Ilaske 3.05 1.85 2.00 Dilated See notes to consolidated financial statement B-6 APPENDIX B The Buckde, Inc., 2017 Annual Report THE BUCKLE, INC CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) February 3, 2015 Fiscal Year Ended Jay 2017 January 2016 5 29.07 5 7.65 NET INCOME 05 OTHER COMPRENSIVE INCOMINIT OF TAX Change in die fixo 517.512, d 599, respectively Mechanicament les included in come to tax of 0.511, 56 rapy Oher compone come 5 COMPRENSIVE INCOME 5 105 See notes to conducted financial statements APPENDIX B The Buckle, Inc. 2017 Annual Report B-7 THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Amounts in Thousands Except Share and Per Share Amounts) M Nuwe C Care Kareg BALANCE 31, 2015 405 5 25 5 $ TO 03.10 132.100 Net income Dispuid kers odk Antimo of forfetare lebend stricted there Cocked and tired Cele med, fox () 09 TH CO EROS BALANCE 30, 2016 014 5 5 $ SO Druidshalweck. (51.75 ) 1970 2 SUN dock, off Indig ed TH 1 BALANCE, LOT CLUD BALAM.1.2012 See not to comodato financial statement B-8 APPENDIX B The Buckle, Inc, 2017 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) February 2018 Fiscal Year Ended January 28, 2017 Janar 30. 2016 5 89,707 $ 979615 147,31 30,745 48 (340) 1.638 32,77 5110 0.260) 1.75 32.102 6.197 (1217) 44 CASH FLOWS FROM OPERATING ACTIVITIES Net income Adjustments to reconcile net income to net cash flows from operating activities Depreciation and amortization Amortization of non-vested stock grants, Bet of forfeitures Defined income taxes Other Changes in operating sites Receivables Inventory Prepaid expenses and that Acos payable Accrued employee compensation Accrued or opening experie Gift certificates rodomalle Income tax payable Deferred rent liabilities and deferred compensation (413) 7687 (12.047) 4384 599) 351 Q.997) 1,672 (1710) 3.53 21.872 7 (314 (6,120 8,056 (1,659) 0.6109 (1.125 (389) (1965) 9,722 (16) 3.790 1345 (1.134) (4,441) 2.323) 119,721 148.166 159.122 Net cash flows from operating activities (3 4623 265 (31,663) 318 OSTO 199 100 CASH FLOWS FROM INVESTING ACTIVITIES Marcuses of property and equipment Poceeds from sale of property and equipment Gangs in der harchases of investments Proceeds from its of investments ( 41 (56,631) 52,41 (17.297) Netshows from investing activities CASILLOWS FROM FINANCING ACTIVITIES Purchases of lock Payment of dividende (133) (130 Ner cash flows to financing with 27 ATT 1,4503 NET INCREASE DECREASE) IN CASE AND CASH EQUIVALENTS CASH AND CASITIQUIVALENTS, Iolar 5 CASE AND CASH TQUIVALENTS, Tond of APPENDIX The Buckle, Inc.2017 Annual Report THE BUCKLE INC NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollar Amenta la Thousse Share Sharh A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Macel Year The Walk the Company has its focal year end the Sunday tawy 31. Athese comediante to fiscal yees are to the calendar year in which the fiscal your begint. Foal 2017 rok priedade Fuary 3, 2015,cal 2016 pro the 53 weck period ended January 28, 2017. fiscal 2015 the 5-wed periode 2016 Nature of Operation - The Company is maler of medium to better priced casualfoccam comes for achie.com young men in women operating 457 ores located in a states throughout the United States of Feary 2008 During fiscal 2017, the Company opened 2 new store, wally madeledes, and 12 Dering fiscal 2016, the Company new Molly remodeled 19 dores, and comedor Digical 2015, the Composed by remeddwl re Pineples e Comidorion - The consolidated financial sements include the cost of The Buckle, bed yowed by Altan ons and transaction ave been eliminated in die Revenue Reiti Readed upon the purchase of merchandise by Orded when is divered the customer, with the time of delivery being used on estimate the time the Company's come the customer. Shipping fees charged to customers are included in revenue and shipping costs included in lingerie Sh.559,420 during fiscal 2017 2016 2015. pectively. Metandierum rected based upon the longespronged served at the end of the period. The Tere for dere was 51,070 and 6 of 2018 alluny 28, 2017portively. The Controles made under twy program po delivery of the merchandise to the customer The Company recents the sale of gift cards and pitt omifica sulible and reprehen schmer redeem the gift and will cake The amount of the pll cenificae libility is determined wending boleh ter done yon die de onda determined using the online balances from the prie for your me the Company ronde trage der Wiederkastity of molemption is remol, based on historical ince and deption par dage med for the final de Fowy. 2012 2017 and Jay 30 2016 $2,444.52,067 and 51.914, respectively. The Company recognizes are able the down payment and subsequent tamen me when merchandise placed only and more ways to me final and pick up the merchandise In final 2016, the Company cada new Guerlatypu talons participar els pares Best of cenain point threshold) are rodeanutes a dosta purchase for 2017 2016 otward redemptions and anal for estimated future were med under the Guest Loyalty Aibon recorded for free on the Company's estimate of how many points will tumindaddy bad perto This Budity is included in credo perting expenses and wa9.625 910 as of 2011 may 23, 2017 Cash and Corporation. The Company comide wil dibimimming the hem pred tobom quivalente Inventory Inventory in the lower of conterrey Court in determined to promote (2) method Management males novely and cost of goods sold to confermachine bolescence and markowe besede powing completo currently within the set Management review the love of y cock down the well or inmory, vere med de anderen TH calculation for estimated markdown and wholewme rode the Company by 510,041.36 y. 28 and January 28, 2017. nopedively. The amount charged to cost of good old renting om westformowalne, w 1,332) 10.1.156 for faalyan 2017.3016, and 2015, respectively Property and longerty and the use of Diwedwing confid and enigiemand the estimated lives of the Theory of property and lives of five the of buildings, which have estimated lives of $15 to Lechod saralaalnilaalil er the work of the life of the lower the estimated We of the an. When the lives may be value is perfume on book and Jade by the the speed lives ofegaty que and the biliyomalie shows in excess of carrying to be by factors that and changes in pering performance as the Company expected and women we de wach Cari va Pre-Owner. Celled to opening now Rood file can Adverg pedum 31.075,56 2017 2016 2015, pochy Health Care Co. The Company is welded for hidden plan yow The C's plenible cuplures, and must make simptomoveloppen Ted By ve dhe can claims was 51,480 51.295 od 200 dpi Other Income. They income in der primera video ww ws - The price of data facilemen inity with pricepted as the Cod mo Ainers alina taapalaal latitis our timent and bass the date of the financial and the words of women pad Actual altrom the estimates D. PROPERTY AND EQUIPMENT February 28 Jusuary 2017 5 2.491 12.632 20,955 Land Balting and improvements Office equipment Transportation equipment Lecholmen Forniture and fres Shipping recipes Construction proper Toal 2006 166106 183.016 2 SOT IMA 2.367 E FINANCING ARRANGEMENTS The Company wadable in need line of credit of $25.000 with Wells Fargo Rek NA for period and letter of credit. The line of credit agreement her expiration date of July 31, 2019 and provides that $10,000 of the 525.000 leis Bet og under en ofert provide for interest to be parte based on LIBOR. The Company has free time to time the lines of credit. There were bunk borrowings as of February, 2018 und January 28, 2017 There were no bank bong during fiscal 2017, 2016, 2015. The Company loading letters of credit obling 51973 and 51,7% of February 3, 2015 and 26,2017.pety 1. COMMITMENTS AND CONTINGENCIES Lees - The Company consects its operations in Based facilities oder schepentingan ping states the focal 20% Most of the Company's ne lese terms of peady ten years and metal do Med prometa improvement allow me holidays, real alicines, and restoring last month and rental expenses on a streets over the terms of the case the Ces colegio, which is gmerally when the Company in the space and begin to make improvements in per de Formentes de boday, the Condos defertad rely on the dated be shot on the delodroms of rent expense on the date mens of income. For scheduled rotection during the lower facing adalah Can the date of initial occupancy, the Company recorde min response heers of the cases de statements of income. Certain cases provide for contrastwhich we delen med speelgoes sales pilielede. The Company reconds and reliability on the cited belance sheets and the corresponding the profil levels have been cho y to be achieved Operating lahat pere for frel 2017 2015 www.154.39.567.121.roperly. Most of the real phased on a rental pes a postage of info pacified tegelir el 2017.2016, and 2015 were 52.130.52.000, and 54,334. pectively Total welcome nder these parting with ameeyor of February 2, 2018 Fiscal Year Coin 2018 2000 2021 9017 19.196 Thacer 71234 23.91T Litigation. From time to me, the Copy s vedeling tool Axe ribes con finalements, the Company wypadilly milleffect on the Company's dad stofnand Dule Sery Incide-On June 16, 2017, the Company that all estay dramatdard puchochea soober 22016 April 14, 2017. The Com immediately lunched the lights the part of Thathu avelion, the Copy and date www od which was ved. The Company has the love the imple will come work vigilently to pursue themelore Based the form ploysical des were obtained by these repoble. The the power Buckle elected them to be payment and based on fully with a low daw wo. At time APPENDIX B The Buckle, Inc., 2017 Annual Report B-11 K EARNINGS PER SILARE The following table provides a reconciliation between basic and diluted caring per share February, 2018 Welche AR Shares) Flal Year Ended Jeweary 28, 2017 Weighted Average Per Share Share (a) Am Jasonry 9, 2016 Weighted Ae Per bare Shares) Am Per Share Am Income Inc Income 5 19,907 IN 150 $ 1.M $ 9791 43.125 $ 204 $ 10.2 RDS5 10 TEPS Effect of the Sites Non-vested Died EPS 123 4.373 001) I 131 6826 10.01) 2.05 125 4.2005 5 $ 89,707 5 97.461 $ 106 $10.20 (w) Shares in thousands L SEGMENT INFORMATION The Company is a retailer of medium to better priced cavall, footwear, and essere The Company powiesit bowerportable. The Company operated 45 store located in 41 sales throughout the United States of February 3, 2018 The following is information regarding the Company's major product lines stated as pentage of the Company's actuales February 3, 2018 Fiscal Year Ended January 28, 2017 January 30, 2016 Merchandise Group Denim Tops Coluding calon) Acce 41.59 32.1 2.1 308 25 30 39 65 59 Outerwear Canal home Other Total 2.0 13 15 100.00 19 IS 100 UN 100 B-12 APPENDIX B The Buckle, Inc. 2017 Annual Report ITEMS.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DESCLOSURE None ITEM 9A-CONTROLS AND PROCEDURES The Company is a system of disclosure and procedures that we designed to provide wifi, which required to be timely disclosed is contedodicated to management inclyt As we lives of the devil actice of the Copy's desires and procedures defined Kule 1-1 Ste) of the Set of 1934 Exchange Adri performed of the end of the period covered by this sort. This was performed the period with the poof Copy's Chief Executive Office Chief Financial Offio. Based on that the Chief Office Of Officer doted Company's dire control and procedures of the end of the period covered by this part were to provided required to be disclosed by the Company in the Company's oportuit files or under the change and come to management, including its Chief Executive Officer and Chief Financial Officers were always grogurd Gomend we effective to provide me ane that och information is recorded procedura pred with prispecified by the SEC niles and for Change is internal Control Over Financial Reporting. There were no changes in the Company internal.com over financial Reporting around during the Company's last fiscal quarter that have materially affected or are bly likely to malenally affect the comincial Management Report on Internal Control Over Financial Reporting - Mat of the Copy is report and internal control overcial reporting as defined in Rules 13-1510 156Sunder the Sewn change Act of 1954 The General over financial reporting is designed to provide recerce regarding the reliability of ancial reporting the price official statements for external purposes in dance without principles generally accepted in the State of AGM All inemal control system, somehow well designed, have inherent limitation. The event the beactive provides rembleme with respeto financial statement prepare and research colo leporting may not prevente dete moments Management assisessed the effectiveness of the Company's internal control over financial reporting of Feary, 2bed as the creat for by Committee of Sponsoring Organizations Coson of the Treadway Cornusse their leat Cup et (2013) maig cret of internal control over financial reporting, management has concluded that the Company Salomonet Fichnuary, 2018 The Company's independent registered public accounting firm, Dolome & Toute LLP, as bied te doen of the Caspary's moral como se financial reporting their report appears herein. APPENDIX B The Buckle, Inc. 2017 Annual Report B-13 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Te te Stockholders and the Board of Director of The Backle Opinion on Internal Controler Fencial Reporting We have died the internal control overcial reporting of the local leader the Company of February 2013 heter babe infernal Control - Integrated From 2013 liedes de Come of Spring Dentiste Treadway Com(COSO) in our opinion, the Company main material respects for sale over francial reporting of February 3, 2018 based on anteria established in Control Integrated Framed by COSO We have also dito, in accordance with the standards of the Public Company Accounting Oveig Breedted (PCA), the comidased financial almente as of and for the focal year ended February 3, 2016. of the Company dated April 2013. aproved qualified opinion the financial Bat for Opleie The Company's magis exposible for maintaining elective eral control ve financial reporting of the effectiveness of internal control over facial reporting coded in the wing MomportCom Curl Orbility is to express and the Company's internal control over financial pagbud on We wea pig fim egered with the Cound we required to be independent with respect to the Company w cdince with the us fontes de aplicable rules and replans of the Secunties and Exchange Comind ICAOB We contacted our sadit in Recordsce with the standard of the PCAOB. There andana roquerwepland perform te walitoa about whether effective inimal control over ficial reporting will reports Our schaded changeranding of internal control ovet financial in the themel woonging the douging factivew of alcool buted on the acued tisk and performing her procedures as well as the circle We believe that our provides a rece bents for our opinion Definition and Limitations of internal Control en Financial Reporting Anycool over for reporting is a procese designed and the ability of caporting and the prio offer for all possidence with only principles Animalloverficial reporting includes the policies and procedures that (I) promote the detailsely and furly reflect the tractions and disputes of the most of the company provide mere ended scary per person of financialment dance with generally opened its despois of the webing made only in accordance with three of management and director of the company provide seguing prevody detection of dolgorde of the commits that doet on the financial fiecane of her interal control over flere detectie Al projections of any chut of cllection of periods are wobect to the risk thromycete hecco changes in color that the degree of complice with te podes or procedures may dal bone Touche April 4, 2018 19 Financial information for Buckle is presented in Appendix Beat the end of the book. 5 Dont Required: 1. What is the par value per share for the common stock? Par value pershan Book References 2. How many common shares were issued as of the end of the most recent year? Number of common shares bued 3-a. Did the company have any treasury stock at the end of the most recent year? Yes O No 3.b. How many shares of treasury stock did the company have at the end of the most recent year? Number of 4. How much did the company pay in cash dividends in the most recent year? (Hint: Look in the statement of stockholders' equity in the retained earnings column) (Enter your answers in thousands, not in dollars. For example, $55,000 should be entered as 55.) Cash dividend paid B-5 APPENDIX B The Buckle, Inc., 2017 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) February 3, 2018 Fiscal Year Ended January 28, 2017 January 30, 2016 913,10 S $ 974,873 $ 1,119,616 SALES, Net of returns and allowances of $87.889, $101,375, and $113,325, respectively 577, 705 $33,357 63215 COST OF SALES (Including buying, distribution, and occupancy costs) 380,023 397,168 451,401 Gross profit OPERATING EXPENSES: Selling General and administrative 206,068 39,877 245,945 205.933 38,475 244,405 212.531 1932 251,813 134,078 152,760 229.58 INCOME FROM OPERATIONS 5,407 5.236 3.511 OTHER INCOME Net 139.455 156,271 234,824 INCOME BEFORE INCOME TAXES 49,778 58310 87,541 PROVISION FOR INCOME TAXES (Note 1) 97,961 147.283 89,7075 NET INCOME 204 $ 3.06 EARNINGS PER SHARE (Note ) Ilaske 3.05 1.85 2.00 Dilated See notes to consolidated financial statement B-6 APPENDIX B The Buckde, Inc., 2017 Annual Report THE BUCKLE, INC CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) February 3, 2015 Fiscal Year Ended Jay 2017 January 2016 5 29.07 5 7.65 NET INCOME 05 OTHER COMPRENSIVE INCOMINIT OF TAX Change in die fixo 517.512, d 599, respectively Mechanicament les included in come to tax of 0.511, 56 rapy Oher compone come 5 COMPRENSIVE INCOME 5 105 See notes to conducted financial statements APPENDIX B The Buckle, Inc. 2017 Annual Report B-7 THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Amounts in Thousands Except Share and Per Share Amounts) M Nuwe C Care Kareg BALANCE 31, 2015 405 5 25 5 $ TO 03.10 132.100 Net income Dispuid kers odk Antimo of forfetare lebend stricted there Cocked and tired Cele med, fox () 09 TH CO EROS BALANCE 30, 2016 014 5 5 $ SO Druidshalweck. (51.75 ) 1970 2 SUN dock, off Indig ed TH 1 BALANCE, LOT CLUD BALAM.1.2012 See not to comodato financial statement B-8 APPENDIX B The Buckle, Inc, 2017 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) February 2018 Fiscal Year Ended January 28, 2017 Janar 30. 2016 5 89,707 $ 979615 147,31 30,745 48 (340) 1.638 32,77 5110 0.260) 1.75 32.102 6.197 (1217) 44 CASH FLOWS FROM OPERATING ACTIVITIES Net income Adjustments to reconcile net income to net cash flows from operating activities Depreciation and amortization Amortization of non-vested stock grants, Bet of forfeitures Defined income taxes Other Changes in operating sites Receivables Inventory Prepaid expenses and that Acos payable Accrued employee compensation Accrued or opening experie Gift certificates rodomalle Income tax payable Deferred rent liabilities and deferred compensation (413) 7687 (12.047) 4384 599) 351 Q.997) 1,672 (1710) 3.53 21.872 7 (314 (6,120 8,056 (1,659) 0.6109 (1.125 (389) (1965) 9,722 (16) 3.790 1345 (1.134) (4,441) 2.323) 119,721 148.166 159.122 Net cash flows from operating activities (3 4623 265 (31,663) 318 OSTO 199 100 CASH FLOWS FROM INVESTING ACTIVITIES Marcuses of property and equipment Poceeds from sale of property and equipment Gangs in der harchases of investments Proceeds from its of investments ( 41 (56,631) 52,41 (17.297) Netshows from investing activities CASILLOWS FROM FINANCING ACTIVITIES Purchases of lock Payment of dividende (133) (130 Ner cash flows to financing with 27 ATT 1,4503 NET INCREASE DECREASE) IN CASE AND CASH EQUIVALENTS CASH AND CASITIQUIVALENTS, Iolar 5 CASE AND CASH TQUIVALENTS, Tond of APPENDIX The Buckle, Inc.2017 Annual Report THE BUCKLE INC NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollar Amenta la Thousse Share Sharh A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Macel Year The Walk the Company has its focal year end the Sunday tawy 31. Athese comediante to fiscal yees are to the calendar year in which the fiscal your begint. Foal 2017 rok priedade Fuary 3, 2015,cal 2016 pro the 53 weck period ended January 28, 2017. fiscal 2015 the 5-wed periode 2016 Nature of Operation - The Company is maler of medium to better priced casualfoccam comes for achie.com young men in women operating 457 ores located in a states throughout the United States of Feary 2008 During fiscal 2017, the Company opened 2 new store, wally madeledes, and 12 Dering fiscal 2016, the Company new Molly remodeled 19 dores, and comedor Digical 2015, the Composed by remeddwl re Pineples e Comidorion - The consolidated financial sements include the cost of The Buckle, bed yowed by Altan ons and transaction ave been eliminated in die Revenue Reiti Readed upon the purchase of merchandise by Orded when is divered the customer, with the time of delivery being used on estimate the time the Company's come the customer. Shipping fees charged to customers are included in revenue and shipping costs included in lingerie Sh.559,420 during fiscal 2017 2016 2015. pectively. Metandierum rected based upon the longespronged served at the end of the period. The Tere for dere was 51,070 and 6 of 2018 alluny 28, 2017portively. The Controles made under twy program po delivery of the merchandise to the customer The Company recents the sale of gift cards and pitt omifica sulible and reprehen schmer redeem the gift and will cake The amount of the pll cenificae libility is determined wending boleh ter done yon die de onda determined using the online balances from the prie for your me the Company ronde trage der Wiederkastity of molemption is remol, based on historical ince and deption par dage med for the final de Fowy. 2012 2017 and Jay 30 2016 $2,444.52,067 and 51.914, respectively. The Company recognizes are able the down payment and subsequent tamen me when merchandise placed only and more ways to me final and pick up the merchandise In final 2016, the Company cada new Guerlatypu talons participar els pares Best of cenain point threshold) are rodeanutes a dosta purchase for 2017 2016 otward redemptions and anal for estimated future were med under the Guest Loyalty Aibon recorded for free on the Company's estimate of how many points will tumindaddy bad perto This Budity is included in credo perting expenses and wa9.625 910 as of 2011 may 23, 2017 Cash and Corporation. The Company comide wil dibimimming the hem pred tobom quivalente Inventory Inventory in the lower of conterrey Court in determined to promote (2) method Management males novely and cost of goods sold to confermachine bolescence and markowe besede powing completo currently within the set Management review the love of y cock down the well or inmory, vere med de anderen TH calculation for estimated markdown and wholewme rode the Company by 510,041.36 y. 28 and January 28, 2017. nopedively. The amount charged to cost of good old renting om westformowalne, w 1,332) 10.1.156 for faalyan 2017.3016, and 2015, respectively Property and longerty and the use of Diwedwing confid and enigiemand the estimated lives of the Theory of property and lives of five the of buildings, which have estimated lives of $15 to Lechod saralaalnilaalil er the work of the life of the lower the estimated We of the an. When the lives may be value is perfume on book and Jade by the the speed lives ofegaty que and the biliyomalie shows in excess of carrying to be by factors that and changes in pering performance as the Company expected and women we de wach Cari va Pre-Owner. Celled to opening now Rood file can Adverg pedum 31.075,56 2017 2016 2015, pochy Health Care Co. The Company is welded for hidden plan yow The C's plenible cuplures, and must make simptomoveloppen Ted By ve dhe can claims was 51,480 51.295 od 200 dpi Other Income. They income in der primera video ww ws - The price of data facilemen inity with pricepted as the Cod mo Ainers alina taapalaal latitis our timent and bass the date of the financial and the words of women pad Actual altrom the estimates D. PROPERTY AND EQUIPMENT February 28 Jusuary 2017 5 2.491 12.632 20,955 Land Balting and improvements Office equipment Transportation equipment Lecholmen Forniture and fres Shipping recipes Construction proper Toal 2006 166106 183.016 2 SOT IMA 2.367 E FINANCING ARRANGEMENTS The Company wadable in need line of credit of $25.000 with Wells Fargo Rek NA for period and letter of credit. The line of credit agreement her expiration date of July 31, 2019 and provides that $10,000 of the 525.000 leis Bet og under en ofert provide for interest to be parte based on LIBOR. The Company has free time to time the lines of credit. There were bunk borrowings as of February, 2018 und January 28, 2017 There were no bank bong during fiscal 2017, 2016, 2015. The Company loading letters of credit obling 51973 and 51,7% of February 3, 2015 and 26,2017.pety 1. COMMITMENTS AND CONTINGENCIES Lees - The Company consects its operations in Based facilities oder schepentingan ping states the focal 20% Most of the Company's ne lese terms of peady ten years and metal do Med prometa improvement allow me holidays, real alicines, and restoring last month and rental expenses on a streets over the terms of the case the Ces colegio, which is gmerally when the Company in the space and begin to make improvements in per de Formentes de boday, the Condos defertad rely on the dated be shot on the delodroms of rent expense on the date mens of income. For scheduled rotection during the lower facing adalah Can the date of initial occupancy, the Company recorde min response heers of the cases de statements of income. Certain cases provide for contrastwhich we delen med speelgoes sales pilielede. The Company reconds and reliability on the cited belance sheets and the corresponding the profil levels have been cho y to be achieved Operating lahat pere for frel 2017 2015 www.154.39.567.121.roperly. Most of the real phased on a rental pes a postage of info pacified tegelir el 2017.2016, and 2015 were 52.130.52.000, and 54,334. pectively Total welcome nder these parting with ameeyor of February 2, 2018 Fiscal Year Coin 2018 2000 2021 9017 19.196 Thacer 71234 23.91T Litigation. From time to me, the Copy s vedeling tool Axe ribes con finalements, the Company wypadilly milleffect on the Company's dad stofnand Dule Sery Incide-On June 16, 2017, the Company that all estay dramatdard puchochea soober 22016 April 14, 2017. The Com immediately lunched the lights the part of Thathu avelion, the Copy and date www od which was ved. The Company has the love the imple will come work vigilently to pursue themelore Based the form ploysical des were obtained by these repoble. The the power Buckle elected them to be payment and based on fully with a low daw wo. At time APPENDIX B The Buckle, Inc., 2017 Annual Report B-11 K EARNINGS PER SILARE The following table provides a reconciliation between basic and diluted caring per share February, 2018 Welche AR Shares) Flal Year Ended Jeweary 28, 2017 Weighted Average Per Share Share (a) Am Jasonry 9, 2016 Weighted Ae Per bare Shares) Am Per Share Am Income Inc Income 5 19,907 IN 150 $ 1.M $ 9791 43.125 $ 204 $ 10.2 RDS5 10 TEPS Effect of the Sites Non-vested Died EPS 123 4.373 001) I 131 6826 10.01) 2.05 125 4.2005 5 $ 89,707 5 97.461 $ 106 $10.20 (w) Shares in thousands L SEGMENT INFORMATION The Company is a retailer of medium to better priced cavall, footwear, and essere The Company powiesit bowerportable. The Company operated 45 store located in 41 sales throughout the United States of February 3, 2018 The following is information regarding the Company's major product lines stated as pentage of the Company's actuales February 3, 2018 Fiscal Year Ended January 28, 2017 January 30, 2016 Merchandise Group Denim Tops Coluding calon) Acce 41.59 32.1 2.1 308 25 30 39 65 59 Outerwear Canal home Other Total 2.0 13 15 100.00 19 IS 100 UN 100 B-12 APPENDIX B The Buckle, Inc. 2017 Annual Report ITEMS.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DESCLOSURE None ITEM 9A-CONTROLS AND PROCEDURES The Company is a system of disclosure and procedures that we designed to provide wifi, which required to be timely disclosed is contedodicated to management inclyt As we lives of the devil actice of the Copy's desires and procedures defined Kule 1-1 Ste) of the Set of 1934 Exchange Adri performed of the end of the period covered by this sort. This was performed the period with the poof Copy's Chief Executive Office Chief Financial Offio. Based on that the Chief Office Of Officer doted Company's dire control and procedures of the end of the period covered by this part were to provided required to be disclosed by the Company in the Company's oportuit files or under the change and come to management, including its Chief Executive Officer and Chief Financial Officers were always grogurd Gomend we effective to provide me ane that och information is recorded procedura pred with prispecified by the SEC niles and for Change is internal Control Over Financial Reporting. There were no changes in the Company internal.com over financial Reporting around during the Company's last fiscal quarter that have materially affected or are bly likely to malenally affect the comincial Management Report on Internal Control Over Financial Reporting - Mat of the Copy is report and internal control overcial reporting as defined in Rules 13-1510 156Sunder the Sewn change Act of 1954 The General over financial reporting is designed to provide recerce regarding the reliability of ancial reporting the price official statements for external purposes in dance without principles generally accepted in the State of AGM All inemal control system, somehow well designed, have inherent limitation. The event the beactive provides rembleme with respeto financial statement prepare and research colo leporting may not prevente dete moments Management assisessed the effectiveness of the Company's internal control over financial reporting of Feary, 2bed as the creat for by Committee of Sponsoring Organizations Coson of the Treadway Cornusse their leat Cup et (2013) maig cret of internal control over financial reporting, management has concluded that the Company Salomonet Fichnuary, 2018 The Company's independent registered public accounting firm, Dolome & Toute LLP, as bied te doen of the Caspary's moral como se financial reporting their report appears herein. APPENDIX B The Buckle, Inc. 2017 Annual Report B-13 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Te te Stockholders and the Board of Director of The Backle Opinion on Internal Controler Fencial Reporting We have died the internal control overcial reporting of the local leader the Company of February 2013 heter babe infernal Control - Integrated From 2013 liedes de Come of Spring Dentiste Treadway Com(COSO) in our opinion, the Company main material respects for sale over francial reporting of February 3, 2018 based on anteria established in Control Integrated Framed by COSO We have also dito, in accordance with the standards of the Public Company Accounting Oveig Breedted (PCA), the comidased financial almente as of and for the focal year ended February 3, 2016. of the Company dated April 2013. aproved qualified opinion the financial Bat for Opleie The Company's magis exposible for maintaining elective eral control ve financial reporting of the effectiveness of internal control over facial reporting coded in the wing MomportCom Curl Orbility is to express and the Company's internal control over financial pagbud on We wea pig fim egered with the Cound we required to be independent with respect to the Company w cdince with the us fontes de aplicable rules and replans of the Secunties and Exchange Comind ICAOB We contacted our sadit in Recordsce with the standard of the PCAOB. There andana roquerwepland perform te walitoa about whether effective inimal control over ficial reporting will reports Our schaded changeranding of internal control ovet financial in the themel woonging the douging factivew of alcool buted on the acued tisk and performing her procedures as well as the circle We believe that our provides a rece bents for our opinion Definition and Limitations of internal Control en Financial Reporting Anycool over for reporting is a procese designed and the ability of caporting and the prio offer for all possidence with only principles Animalloverficial reporting includes the policies and procedures that (I) promote the detailsely and furly reflect the tractions and disputes of the most of the company provide mere ended scary per person of financialment dance with generally opened its despois of the webing made only in accordance with three of management and director of the company provide seguing prevody detection of dolgorde of the commits that doet on the financial fiecane of her interal control over flere detectie Al projections of any chut of cllection of periods are wobect to the risk thromycete hecco changes in color that the degree of complice with te podes or procedures may dal bone Touche April 4, 2018