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YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. : Purchases of property and equipment (424,061) (289,639) (267,576) Purchase of intangible asset (1,900) (230) Proceeds from sales of property and equipment 1,513 2,325 909 Net cash used ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. idends paid (336,230) (160,925) (56,347) Repurchases of common stock (618,480) (906,208) (469,691) Other, net 1,469 3,021 (4,483) Net cash used in financing activities (620,704) (1,064,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 269,282 601,428 834,992 Supplemental cash flow information: Interest paid 46,159 36,372 34,011 Income tax payments 94,605 177,317 146,073 Non-cash transactions: Accrued purchases of pr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. subsidiaries is a leading automotive aftermarket parts provider in North America, serving both professional installers (“professional”) and “do-it-yourself” (“DIY”) customers. The accompanying conso...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022, we served 1,311 independently owned Carquest branded stores across the same geographic locations served by our stores and branches in addition to Mexico and various Caribbean islands. Our store...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The consolidated financial statements include the accounts of Advance prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ivables from banks, which generally settle in less than four business days, are included in cash equivalents. Inventory Our inventory consists primarily of parts, batteries, accessories and other p...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. centives We receive incentives in the form of reductions to amounts owed to and/or payments from vendors related to volume rebates and other promotional considerations. Many of these incentives are ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of December 31, 2022 and January 1, 2022. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged direc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and Other Indefinite-Lived Intangible Assets We perform our evaluation for the impairment of goodwill and other indefinite-lived intangible assets for our reporting units annually as of the first d...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -not that the goodwill might be impaired and whether it is necessary to perform a quantitative goodwill impairment test. In the quantitative goodwill impairment test, we compare the carrying value of...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. impairment at the asset group level. Other indefinite-lived intangible assets are evaluated by comparing the carrying amount of the asset to the future discounted cash flows that the asset is expect...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , including finite-lived intangible assets, whenever events or changes in circumstances indicate that the carrying amount of an asset might not be recoverable and exceeds its fair value. When such an...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -Insurance We are self-insured for general and automobile liability, workers’ compensation and health care claims of our team members, while maintaining stop-loss coverage with third-party insurers ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. unless external economic factors exist such that renewals are reasonably certain. In those instances, the renewal period would be included in the lease term to determine the period in which to recog...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. hierarchy: Level 1 - Quoted prices for identical instruments in active markets; Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the fair value of all share-based awards at the date of grant and use the straight-line method to amortize this fair value as compensation cost over the requisite service period. Revenues Accounti...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. estimate using historical data. 40 In accordance with ASC 606, revenue is recognized at the time the sale is made at which time our walk-in customers take immediate possession of the merchandise o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and estimated returns and allowances. We estimate the reduction to Net sales and Cost of sales for returns based on current sales levels and our historical return experience. We provide assurance-t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. purchases an auto part that includes a core component, the customer is charged for the core unless a used core is returned at the time of sale. Customers that return a core subsequent to the sale da...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. value. We grant credit to certain professional customers who meet our pre-established credit requirements. We regularly review accounts receivable balances and maintain allowances for credit losses ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of inventory resulting from store closures and inventory-related reserves and costs associated with moving merchandise inventories from our distribution centers to stores, branch locations and custo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and occupancy costs related to the opening of new stores, are expensed as incurred. Advertising Costs We expense advertising costs as incurred. Advertising expense, net of qualifying vendor promot...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022, income of $1.7 million in 2021 and a loss of $6.9 million in 2020. Income Taxes We account for income taxes under the asset and liability method, which requires the recognition of deferred ta...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on deferred tax assets and liabilities is recognized in income in the period of the enactment date. We recognize tax benefits and/or tax liabilities for uncertain income tax positions based on a tw...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. available to management. The reevaluations are based on many factors, including but not limited to, changes in facts or circumstances, changes in tax law, successfully settled issues under audit, ex...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. collectively “share-based awards”) if the conversion of these awards are dilutive. Share-based awards containing performance conditions are included in the dilution impact as those conditions are met...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the products and services offered, customer base and the methods used to distribute products and provide services to its customers. Recently Issued Accounting Pronouncements - Not Yet Adopted R...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to be discontinued because of reference rate reform. We have modified current agreements to reference an alternative rate other than LIBOR, and do not believe it will have a material impact on our c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2-04 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the requirement on rollforward information, which is effective fo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. us to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaced t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 15, 2020. The adoption of this new standard did not have a material impact on our consolidated financial condition, results of operations or cash flows." 43 3. Inventories: We used the LIFO metho...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 31, 2022 and January 1, 2022 were $637.1 million and $515.3 million. Inventory balances were as follows: December 31, 2022 January 1, 2022 Inventories at first-in, first-out (“FIFO”) 5,193,911 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Sheets was $990.5 million and $993.7 million. The change in Goodwill during 2022 and 2021 was $3.3 million and $0.2 million, and related to foreign currency translation. Other Intangible Assets, Ne...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. umulated Amortization Net Amortized intangible assets: Customer relationships 349,428 (267,806) 81,622 351,136 (239,302) 111,834 Non-compete and other 40,157 (38,051) 2,106 38,257 (37,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,146) 651,217 44 Future Amortization Expense The expected amortization expense for the next five years and thereafter for acquired intangible assets recorded as of December 31, 2022 was as follow...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 289 Total receivables 713,826 792,947 Less: allowance for credit losses (15,213) (10,162) Receivables, net 698,613 782,785 6. Long-term Debt and Fair Value of Financial Instruments: Long-...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,618 at December 31, 2022 and January 1, 2022) due October 1, 2027 346,947 346,382 3.90% Senior Unsecured Notes (net of unamortized discount and debt issuance costs of $4,438 and $5,022 at Decembe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 7.5% as of December 31, 2022) 185,000 1,373,283 1,034,320 Less: Current portion of long-term debt (185,000) Long-term debt, excluding the current portion 1,188,283 1,034,320 Fair value of lo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Debt On November 9, 2021, we entered into a credit agreement that provides a $1.2 billion unsecured revolving credit facility (the “2021 Credit Agreement”) with Advance Auto Parts, Inc., as Borrowe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the 2021 Credit Agreement. On February 27, 2023, we entered into Amendment No. 1 (the “Amendment”) to the 2021 Credit Agreement. The Amendment extends the maturity date of the 2021 Credit Agreem...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on our revolving credit facility of $469 million. The 2021 Credit Agreement contains customary covenants restricting the ability of: (a) Advance Auto Parts, Inc. and its subsidiaries to, among othe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and (c) Advance Auto Parts, Inc., among other things, to change its holding company status. Advance is also required to comply with financial covenants with respect to a maximum leverage ratio and a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. were drawn upon. These bilateral letters of credit generally have a term of one year or less and primarily serve as collateral for our self-insurance policies. 46 Senior Unsecured Notes Our 4.50%...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The Original Notes were issued at 99.65% of the principal amount and mature April 15, 2030. The Original Notes bear interest, payable semi-annually in arrears on April 15 and October 15, at a rate o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Act. The Original Notes were substantially identical to the Exchange Notes, except that the Exchange Notes are registered under the Securities Act and are not subject to the transfer restrictions an...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. principal amount, and are due October 1, 2027 and bear interest at 1.75% per year, payable semi-annually in arrears on April 1 and October 1 of each year. In connection with the 2027 Notes offering,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. .50% per year. In connection with the 2032 Notes offering, we incurred $3.2 million of debt issuance costs. Our 2023 Notes, 2027 Notes, 2030 Notes and 2032 Notes are collectively referred to herein ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2030 Notes are governed by an indenture dated as of April 16, 2020 (as amended, supplemented, waived or otherwise modified, the “2020 Indenture” and together with the 2010 Indenture, the “Indentures...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to 101% of the principal amount thereof, plus accrued and unpaid interest to the repurchase date. Currently, the Notes are fully and unconditionally guaranteed, jointly and severally, on an unsubord...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. pay any such debt within any applicable grace period after final stated maturity, in an aggregate amount greater than $25.0 million without such debt having been discharged or acceleration having be...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status.  December 31, 2022, the aggregate future annual maturities of long-term debt instruments were as follows: Year Amount 2023 2024 2025 2026 2027 350,000 Thereafter 850,000 1,200,000 Debt Gu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. likelihood of performance under these guarantees is remote. 7.    Property and Equipment: Property and equipment consisted of the following: Useful Lives December 31, 2022 January 1, 2022 Land...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 3,931,878 Less: Accumulated depreciation (2,590,382) (2,403,567) Property and equipment, net 1,690,139 1,528,311 (1) Land is deemed to have an indefinite life. Depreciation expense relatin...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. service is removed from Construction in progress and classified within the Furniture, fixtures and equipment category and is depreciated on the straight-line method over three to ten years. 8.    L...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2,802,772 Less: Current portion of operating lease liabilities (414,543) (465,121) Non-current operating lease liabilities 2,278,318 2,337,651 The current portion of operating lease liabilitie...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The future maturity of lease liabilities are as follows: Year Amount 2023 501,276 2024 523,097 2025 491,055 2026 381,295 2027 312,518 Thereafter 840,306 Total lease payments 3,049,5...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 9 years and 3.4% as of December 31, 2022. We calculated the weighted average discount rates using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. consist of payments for the purchase of hardware, software and maintenance. As of December 31, 2022, future payments of these arrangements were $121.0 million and were not accrued in our Consolidate...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 18,448 Capital expenditures 8,927 14,369 Other 183,273 222,396 Total accrued expenses 634,447 777,051 10.    Share Repurchase Program: In February 2022, our Board of Directors authorized...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. prior notice. 50 11.    Earnings per Share: The computations of basic and diluted earnings per share were as follows: Year Ended December 31, 2022 January 1, 2022 January 2, 2021 Numerator ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. per common share 8.27 9.55 7.14 (1) For 2022, 2021 and 2020, restricted stock units (“RSUs”) excluded from the diluted calculation as their inclusion would have been anti-dilutive were 115 thou...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,815 2021 Federal 78,814 55,467 134,281 State 21,420 11,747 33,167 Foreign 21,381 988 22,369 121,615 68,202 189,817 2020 Federal 112,096 7,718 119,814 State 23,779 1,066 24,8...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. January 2, 2021 Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2022, 2021 and 2020) 136,224 169,244 136,713 State income taxes, net of federal income...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. assets: Accrued expenses not currently deductible for tax 19,589 38,133 Share-based compensation 12,642 12,431 Accrued medical and workers compensation 13,666 9,408 Net operating loss carr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (226,499) (231,632) Intangible assets (137,464) (139,089) Operating lease right-of-use assets (653,296) (665,469) Total deferred income tax liabilities (1,148,158) (1,168,782) Net deferr...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. s in certain jurisdictions, as well as other credits available to us, we have recorded a valuation allowance of $3.0 million as of December 31, 2022 and January 1, 2022. In addition, we recorded a $2...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 75.5 million, which did not include earnings deemed to be repatriated as part of the U.S. Tax Cuts and Jobs Act. It is not practicable to determine the income tax liability that would be payable if s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. positions 928 2,240 1,528 Settlements (256) (2,993) Expiration of statute of limitations (6,254) (4,870) (7,971) Unrecognized tax benefits, end of period 13,371 19,139 25,127 13.    C...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. pending matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. On February 6, 2018, a putative class action on behalf of purcha...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . On February 7, 2020, the court granted in part and denied in part our motion to dismiss. On November 6, 2020, the court granted the plaintiff’s motion for class certification. On March 15, 2021, we...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . The settlement amount of $49.3 million was fully paid by our insurance carriers. Our Western Auto subsidiary, together with other defendants (including Advance and other of its subsidiaries), has ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , results of operations or cash flows. 53 14.    Benefit Plans: 401(k) Plan We maintain a defined contribution benefit plan, which covers substantially all team members after one year of service ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. compensation liability for this plan. As of December 31, 2022 and January 1, 2022, these liabilities were $13.7 million and $15.0 million. 15.    Share-Based Compensation: Overview We grant share...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -based or a market-based portion, which collectively represent the target award. In 2022 and 2021, we also granted options to purchase common stock to certain employees under our 2014 LTIP. The opti...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. for payment of taxes due become available for reissuance and are included in availability. Restricted Stock Units For time-based RSUs, the fair value of each award was determined based on the mark...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Depending on our results during the three-year performance period, the actual number of awards vesting at the end of the period generally ranges from 0% to 200% of the performance award. Performanc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. performance-based awards of $11.8 million, $22.8 million and $9.4 million in 2022, 2021 and 2020 was determined based on management’s estimate of the probable vesting outcome. 54 For market-based ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. U.S. Treasury constant maturity interest rate having a term consistent with the vesting period of the award. (2) Expected volatility is determined based on historical volatility over a matching lo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Nonvested at January 1, 2022 466 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 180.41 105 130.88 135 191.72 (1) The vested shares of market-based RSUs were not exercised due to low multiplier effect for 2019 awards. The following table summarizes certain information co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. fair value of RSUs vested 12,460 7,987 1,123 Market-based: Weighted average fair value of RSUs granted 205.52 204.97 145.04 Total grant date fair value of RSUs vested 3,695 3,650 2,646 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. -pricing valuation model. The following table includes summary information for stock options as of December 31, 2022: Number of Awards Weighted Average Exercise Price Weighted Average Remaining C...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. : Year Ended December 31, 2022 Risk-free interest rate (1) 1.90% Expected life (2) 6 years Expected volatility (3) 34.0% Expected dividend yield (4) 2.60% (1) The risk-free interest rate ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the amount by which the stock price has fluctuated or is expected to fluctuate. We utilized historical trends and the implied volatility of our publicly traded financial instruments in developing th...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 45 years. 56 Deferred Stock Units We grant share-based awards annually to our Board of Directors in connection with our annual meeting of stockholders. These awards are granted in the form of DSUs...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. are settled in common stock with the participants at a future date, or over a specified time period, as elected by the participants in accordance with the DSU Plan. Employee Stock Purchase Plan We...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. : Accumulated other comprehensive loss, net of tax, consisted of the following: Unrealized Gain (Loss) on Postretirement Plan Foreign Currency Translation Accumulated Other Comprehensive (Loss) I...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (22,516) Balance, December 31, 2022 720 (45,863) (45,143) 57 Advance Auto Parts, Inc. Schedule II - Valuation and Qualifying Accounts (in thousands) Allowance for credit losses Balance at B...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. written off during the period. These amounts did not impact our Statements of Operations for any year presented. Other valuation and qualifying accounts have not been reported in this schedule beca...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Inc., effective May 24, 2017. 10-Q 3.2 8/18/2020 4.0 Description of Securities Registered under Section 12 of the Securities Exchange Act of 1934, as amended. 10-K 4.0 2/18/2020 4.1 Indent...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ure dated as of April 29, 2010 among Advance Auto Parts, Inc. as Issuer, each of the Subsidiary Guarantors from time to time party thereto and Wells Fargo Bank, National Association, as Trustee. 8-K...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. among Advance Auto Parts, Inc., each of the Subsidiary Guarantors from time to time party thereto and Wells Fargo Bank, National Association, as Trustee. 8-K 4.5 12/21/2012 4.5 Fifth Supplement...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. sidiary Guarantors from time to time party thereto and Wells Fargo Bank, National Association, as Trustee. 8-K 4.7 12/9/2013 4.7 Form of 4.500% Note due 2022. 8-K 4.5 1/17/2012 4.8 Form of ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. as Trustee. 10-Q 4.11 5/28/2014 4.10 Indenture, dated as of April 16, 2020 by and among Advance Auto Parts, Inc., each of the subsidiary guarantors party thereto and Wells Fargo Bank, National ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Indenture, dated as of March 4, 2022, among Advance Auto Parts, Inc., Advance Stores Company, Incorporated and Computershare Trust Company, N.A., as successor to Wells Fargo, National Association, a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Exhibit Description Form Exhibit Filing Date Herewith 10.2 Advance Auto Parts, Inc. 2004 Long-Term Incentive Plan (amended as of April 17, 2008). 10-Q 10.19 5/29/2008 10.3 Advance Auto ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. for Non-Employee Directors and Selected Executives (as amended and restated effective as of January 1, 2010). 10-K 10.17 3/1/2011 10.4 Form of Advance Auto Parts, Inc. SARs Award Agreement and ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Plan for Non-Employee Directors and Selected Executives (As Amended and Restated Effective as of January 1, 2008). 10-K 10.54 3/3/2015 10.7 Employment Agreement effective March 28, 2016 between...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ushing. 10-K 10.50 2/28/2017 10.10 Sixth Amendment to the Advance Auto Parts, Inc. Deferred Stock Unit Plan for Non-Employee Directors and Selected Executives (As Amended and Restated Effective ...