continuation John Dawson 2

Styles 6 1 2 3 4 1 5 Note 2: Inventories Substantially all inventories are recorded at cost on the last-in, first-out (LIFO) method. Inventories on January 31 are stated less the following amounts that would have been determined under the retail method without regard to last-in, first-out principles (amounts in thousands): 2007 2008 2009 2010 $283 $519 $560 $660 Note 3 Plant Property, plant, and equipment is carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method for financial reporting purposes and accelerated methods for tax purposes 2008 2009 Land Building and improvements Fixtures and equipment Construction in progress Accumulated depreciation 2007 $1,128 4,643 1,311 329 (2,494) $4,917 $1,285 5,050 1,426 304 (2,879) $5,186 5 948 5,760 1,427 266 (3,016) $5,385 2010 $1,023 5,969 1,602 351 (3,238) $5,707 Annual minimum rentals on long-term non-cancellable leases are as follows: 2010 2011 2012 2013 2014 Botond 2014 The $ 245 238 226 222 219 1,848 Contingent rentals are based upon a percentage of sales. Most leases require additional payments for real estate taxes, insurance, and other expenses that are included in operating costs in the accompanying statement of income and retained earnings. Styles 6 1 2 3 4 1 5 Note 2: Inventories Substantially all inventories are recorded at cost on the last-in, first-out (LIFO) method. Inventories on January 31 are stated less the following amounts that would have been determined under the retail method without regard to last-in, first-out principles (amounts in thousands): 2007 2008 2009 2010 $283 $519 $560 $660 Note 3 Plant Property, plant, and equipment is carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method for financial reporting purposes and accelerated methods for tax purposes 2008 2009 Land Building and improvements Fixtures and equipment Construction in progress Accumulated depreciation 2007 $1,128 4,643 1,311 329 (2,494) $4,917 $1,285 5,050 1,426 304 (2,879) $5,186 5 948 5,760 1,427 266 (3,016) $5,385 2010 $1,023 5,969 1,602 351 (3,238) $5,707 Annual minimum rentals on long-term non-cancellable leases are as follows: 2010 2011 2012 2013 2014 Botond 2014 The $ 245 238 226 222 219 1,848 Contingent rentals are based upon a percentage of sales. Most leases require additional payments for real estate taxes, insurance, and other expenses that are included in operating costs in the accompanying statement of income and retained earnings