Discuss what the purpose of footnotes and financial disclosures are within a company's financial statements.

Examine DIck's most recent 10k, look at their MD&A (Management Discussion & Analysis) section, and discuss the information contained in their footnotes and disclosures. What information can be obtained about their operations that an outsider who has not read their financials would not know (post about what happened within Dick's)?

In addition, select one piece of information (disclosure or note) from their financials and discuss the significance of that information to a particular stakeholder. Why would that information be important?