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GameStop Corp. – ‘10-Q’ for 10/30/10 – ‘XML.R15’

On:  Wednesday, 12/8/10, at 4:52pm ET   ·   For:  10/30/10   ·   Accession #:  950123-10-112044   ·   File #:  1-32637

Previous ‘10-Q’:  ‘10-Q’ on 9/8/10 for 7/31/10   ·   Next:  ‘10-Q’ on 6/8/11 for 4/30/11   ·   Latest:  ‘10-Q’ on 12/6/23 for 10/28/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/08/10  GameStop Corp.                    10-Q       10/30/10   34:4.3M                                   Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    726K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     17K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     17K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     14K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     14K 
26: XML         IDEA XML File -- Definitions and References          XML     80K 
31: XML         IDEA XML File -- Filing Summary                      XML     51K 
29: XML.R1      Document and Entity Information                      XML    203K 
30: XML.R2      Condensed Consolidated Balance Sheets                XML    530K 
18: XML.R3      Condensed Consolidated Balance Sheets                XML    113K 
                (Parenthetical)                                                  
21: XML.R4      Condensed Consolidated Statements of Operations      XML    312K 
                (Unaudited)                                                      
25: XML.R5      Condensed Consolidated Statement of Stockholders'    XML    299K 
                Equity (Unaudited)                                               
24: XML.R6      Condensed Consolidated Statement of Stockholders'    XML     50K 
                Equity (Unaudited) (Parenthetical)                               
33: XML.R7      Condensed Consolidated Statements of Cash Flows      XML    362K 
                (Unaudited)                                                      
15: XML.R8      Basis of Presentation                                XML     42K 
23: XML.R9      Accounting for Stock-Based Compensation              XML     47K 
14: XML.R10     Computation of Net Income per Common Share           XML     64K 
13: XML.R11     Fair Value Measurements and Financial Instruments    XML     75K 
17: XML.R12     Debt                                                 XML     47K 
27: XML.R13     Income Taxes                                         XML     38K 
19: XML.R14     Certain Relationships and Related Transactions       XML     41K 
20: XML.R15     Commitments and Contingencies                        XML     42K 
22: XML.R16     Significant Products                                 XML     97K 
34: XML.R17     Segment Information                                  XML     65K 
16: XML.R18     Supplemental Cash Flow Information                   XML     46K 
12: XML.R19     Consolidating Financial Statements                   XML    556K 
32: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    710K 
 6: EX-101.INS  XBRL Instance -- gme-20101030                        XML    910K 
 8: EX-101.CAL  XBRL Calculations -- gme-20101030_cal                XML    116K 
11: EX-101.DEF  XBRL Definitions -- gme-20101030_def                 XML     48K 
 9: EX-101.LAB  XBRL Labels -- gme-20101030_lab                      XML    397K 
10: EX-101.PRE  XBRL Presentations -- gme-20101030_pre               XML    221K 
 7: EX-101.SCH  XBRL Schema -- gme-20101030                          XSD     46K 
28: ZIP         XBRL Zipped Folder -- 0000950123-10-112044-xbrl      Zip     70K

‘XML.R15’   —   Commitments and Contingencies

This Financial Report is an XBRL XML File.

                                                                                                                                                                                
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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 8 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock--> <div style="margin-left: 0%"> <div style="margin-top: 12pt; font-size: 1pt">  </div> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent; text-align: left"> <tr> <td width="3%"></td> <td width="97%"></td> </tr> <tr valign="top"> <td> <b><font style="font-family: 'Times New Roman', Times">8.  </font></b> </td> <td> <b><font style="font-family: 'Times New Roman', Times">Commitments and Contingencies</font></b> </td> </tr> </table> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> On February 14, 2005, and as amended, Steve Strickland, as personal representative of the Estate of Arnold Strickland, deceased, Henry Mealer, as personal representative of the Estate of Ace Mealer, deceased, and Willie Crump, as personal representative of the Estate of James Crump, deceased, filed a wrongful death lawsuit in the Circuit Court of Fayette, Alabama, against GameStop, Sony, Take-Two Interactive, Rock Star Games and Wal-Mart (collectively, the “Defendants”) and Devin Moore, alleging that Defendants’ actions in designing, manufacturing, marketing and supplying Defendant Moore with violent video games were negligent and contributed to Defendant Moore killing Arnold Strickland, Ace Mealer and James Crump. Moore was found guilty of capital murder in a criminal trial and was sentenced to death in August 2005. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> Plaintiffs’ counsel named an expert who plaintiffs indicated would testify that violent video games were a substantial factor in causing the murders. The testimony of plaintiffs’ psychologist expert was heard by the Court on October 30, 2008, and the motion to exclude that testimony was argued on December 12, 2008. On July 30, 2009, the trial court entered its Order granting summary judgment for all defendants, dismissing the case with prejudice on the grounds that plaintiffs’ expert’s testimony did not satisfy the Frye standard for expert admissibility. Subsequent to the entry of the Order, the plaintiffs filed a notice of appeal. The plaintiffs filed their appellate brief in support of their appeal and the defendants filed their consolidated appellate brief in opposition to the appeal. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> On September 24, 2010, the Alabama Supreme Court issued an Order affirming the judgment in the Company’s favor. On October 13, 2010, the final judgment was entered by the Court and the matter is now resolved with no liability to the Company. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> In the ordinary course of the Company’s business, the Company is, from time to time, subject to various other legal proceedings, including matters involving wage and hour employee class actions. The Company may enter into discussions regarding settlement of these and other types of lawsuits, and may enter into settlement agreements, if it believes settlement is in the best interest of the Company’s shareholders. Management does not believe that any such other legal proceedings or settlements, individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or liquidity. </div> <div style="margin-top: 6pt; font-size: 1pt">  </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent"> In 2003, the Company purchased a 51% controlling interest in GameStop Group Limited, which operates stores in Ireland and the United Kingdom. Under the terms of the purchase agreement, the minority interest owners have the ability to require the Company to purchase their remaining shares in incremental percentages at a price to be determined based partially on the Company’s price to earnings ratio and GameStop Group Limited’s earnings. In June 2008, the Company purchased shares representing approximately 16% of GameStop Group Limited, and in July 2009, the Company purchased shares representing an additional 16% of GameStop Group Limited, bringing the Company’s total interest in GameStop Group Limited to approximately 84%. 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Filing Submission 0000950123-10-112044   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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