UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
11-K
(Mark
One)
x |
ANNUAL
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
FOR THE FISCAL YEAR ENDED: JANUARY 31,
2008
|
OR
o |
TRANSITION
REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
Commission
File Number: 001-12951
A.
Full
title of the Plan and the address of the Plan, if
different
from that of the issuer named below:
BUCKLE
401(K) PLAN
B. Name
of
issuer of the securities held pursuant to the Plan
and
the
address of its principal executive office
THE
BUCKLE, INC.
2407
WEST
24TH STREET
P.O.
BOX
1480
KEARNEY,
NEBRASKA 68848-1480
REQUIRED
INFORMATION
Plan
financial statements and schedules are prepared in accordance with the financial
reporting requirements of ERISA (Employee Retirement Income Security Act of
1974) and are included herein as listed in the table of contents
below.
Table
of Contents
|
Pages
|
(a)
Financial
Statements
|
|
|
|
Report
of Independent Registered Public Accounting Firm
|
1
|
|
|
Statements
of Net Assets Available for Benefits as of January 31, 2008
and
2007
|
2
|
|
|
Statements
of Changes in Net Assets Available for Benefits for the Years Ended
January 31, 2008 and 2007
|
3
|
|
|
Notes
to Financial Statements
|
4-8
|
|
|
(b)
Supplemental
Schedule
|
|
|
|
Form
5500 Schedule H Part IV Line 4(i) – Schedule of Assets (Held at
End of Year) as of January 31, 2008
|
9
|
|
|
(c)
Exhibits
|
|
|
|
Exhibit
A – Consent of Independent Registered Public Accounting
Firm
|
|
All
other
schedules required by Section 2520.103-10 of the Department of Labor’s Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974 have been omitted because they are not
applicable.
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Buckle
401(k) Plan
Kearney,
Nebraska
We
have
audited the accompanying statements of net assets available for benefits of
the
Buckle 401(k) Plan (the “Plan”) as of January 31, 2008 and 2007, and the related
statements of changes in net assets available for benefits for the years then
ended. These financial statements are the responsibility of the Plan’s
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Plan is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in
the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Plan’s internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining,
on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In
our
opinion, such financial statements present fairly, in all material respects,
the
net assets available for benefits of the Plan as of January 31, 2008 and 2007,
and the changes in net assets available for benefits for the years then ended
in
conformity with accounting principles generally accepted in the United States
of
America.
Our
audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets
(held
at end of year) as of January 31, 2008 is presented for the purpose of
additional analysis and is not a required part of the basic financial
statements, but is supplementary information required by the Department of
Labor’s Rules and Regulations for Reporting and Disclosures under the Employee
Retirement Income Security Act of 1974. This schedule is the responsibility
of
the Plan’s management. Such schedule has been subjected to the auditing
procedures applied in our audit of the basic fiscal 2007 financial statements
and, in our opinion, is fairly stated in all material respects when considered
in relation to the basic financial statements taken as a whole.
/s/
DELOITTE & TOUCHE, LLP
Omaha,
Nebraska
July
28,
2008
BUCKLE
401(K) PLAN
|
|
|
|
|
|
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
|
AS
OF JANUARY 31, 2008 AND 2007
|
|
|
|
|
2008
|
|
2007
|
|
|
|
|
|
|
|
ASSETS:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participant
directed investments at fair value (Note 4)
|
|
$
|
35,707,586
|
|
$
|
33,622,459
|
|
|
|
|
|
|
|
|
|
Receivables:
|
|
|
|
|
|
|
|
Participant
contributions
|
|
|
86,912
|
|
|
66,562
|
|
Employer
contribution
|
|
|
762,219
|
|
|
699,954
|
|
Total
receivables
|
|
|
849,131
|
|
|
766,516
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
|
|
|
36,556,717
|
|
|
34,388,975
|
|
|
|
|
|
|
|
|
|
Adjustments
from fair value to contract value for fully benefit-responsive
investment contracts
|
|
|
9,808
|
|
|
46,053
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS
|
|
$
|
36,566,525
|
|
$
|
34,435,028
|
|
See
notes to financial
statements.
|
BUCKLE
401(K) PLAN
|
|
|
|
|
|
STATEMENTS
OF CHANGES IN NET ASSETS AVAILABLE FOR
BENEFITS
|
FOR
THE YEARS ENDED JANUARY 31, 2008 AND 2007
|
|
|
|
|
2008
|
|
2007
|
|
ADDITIONS:
|
|
|
|
|
|
|
|
Investment
income:
|
|
|
|
|
|
|
|
Net
appreciation (depreciation) in fair value of investments (Note
4)
|
|
$
|
(293,432
|
)
|
$
|
3,609,820
|
|
Interest
and dividends
|
|
|
1,864,000
|
|
|
1,633,713
|
|
|
|
|
1,570,568
|
|
|
5,243,533
|
|
|
|
|
|
|
|
|
|
Contributions:
|
|
|
|
|
|
|
|
Participant
contributions
|
|
|
2,205,390
|
|
|
1,877,464
|
|
Employer
contributions
|
|
|
764,491
|
|
|
704,652
|
|
|
|
|
2,969,881
|
|
|
2,582,116
|
|
|
|
|
|
|
|
|
|
Total
additions
|
|
|
4,540,449
|
|
|
7,825,649
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS:
|
|
|
|
|
|
|
|
Benefits
paid to participants
|
|
|
2,373,739
|
|
|
2,112,115
|
|
Administrative
expenses
|
|
|
35,213
|
|
|
27,239
|
|
|
|
|
|
|
|
|
|
Total
deductions
|
|
|
2,408,952
|
|
|
2,139,354
|
|
|
|
|
|
|
|
|
|
INCREASE
IN NET ASSETS
|
|
|
2,131,497
|
|
|
5,686,295
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS:
|
|
|
|
|
|
|
|
Beginning
of year
|
|
|
34,435,028
|
|
|
28,748,733
|
|
|
|
|
|
|
|
|
|
End
of year
|
|
$
|
36,566,525
|
|
$
|
34,435,028
|
|
See
notes
to financial statements.
BUCKLE
401(K)
PLAN
NOTES
TO FINANCIAL STATEMENTS
AS
OF AND FOR THE YEARS ENDED JANUARY 31, 2008 AND 2007
1.
|
DESCRIPTION
OF THE PLAN
|
The
following description of the Buckle 401(k) Plan (the “Plan”) provides only
general information. Participants should refer to the Plan Agreement for a
more
complete description of the Plan provisions. The Plan’s fiscal year ends on
January 31. References to years in this report relate to fiscal years as defined
below:
Fiscal
|
|
Year
|
Year
Ended
|
|
|
2007
|
January
31, 2008
|
2006
|
January
31, 2007
|
General
–
The
Plan is a defined contribution plan covering all employees working 1,000 hours
or more per year who have one year of service and are at least age twenty.
The
Plan is subject to the provisions of the Employee Retirement Income Security
Act
of 1974 (“ERISA”), as amended. It was established February 1, 1986 and last
amended May 17, 2007. The Plan administrator is The Buckle, Inc. (the
“Company”). Wells
Fargo Bank, N.A. serves as the Plan trustee and recordkeeper.
Contributions
–
Participants may contribute from 2% to 50% of their salary, as defined in the
Plan. The Company may contribute to the Plan at its discretion. In fiscal 2007
and 2006, the Company contributed 50% of employees’ contributions on deferrals
up to 6% of their eligible salary. The Company contributions to the Plan were
$764,491 and $704,652 during the years ended January 31, 2008 and 2007,
respectively. Participants direct the investment of all contributions into
various investment options by the Plan. Contributions are subject to certain
Internal Revenue Code (“IRC”) limitations.
Participant
Accounts –
Individual accounts are maintained for each plan participant. Each participant’s
account is credited with the participant’s contributions and an allocation of
(a) the Company’s discretionary contribution, (b) Plan earnings (losses), and
(c) forfeiture of terminated participants’ non-vested account balances and is
charged with withdrawals and an allocation of administrative expenses.
Allocations are based on participant earnings or account balances, as defined
in
the Plan. Administrative expenses were allocated to participants’ vested
balances at an annual rate of $25 ($6.25 per quarter) for each quarter of the
fiscal 2007 and fiscal 2006 plan years. The benefit to which a participant
is
entitled is the benefit that can be provided from the participant’s vested
account.
Vesting –
Participants are immediately vested in their voluntary contributions plus actual
earnings (losses) thereon. The Company’s discretionary contributions vest over a
six-year period, which is as follows:
|
|
Percent
|
Years
of Service
|
|
Vested
|
|
|
|
|
Two
|
|
|
20
|
%
|
Three
|
|
|
40
|
%
|
Four
|
|
|
60
|
%
|
Five
|
|
|
80
|
%
|
Six
|
|
|
100
|
%
|
Years
of
service for vesting purposes requires working 1,000 hours or more during the
Plan year.
Participant
Loans –
Participants may borrow from their individual accounts a minimum of $1,000
up to
a maximum equal to the lesser of $50,000 or 50% of their vested account balance.
Loan terms range from one to five years or up to thirty years for the purchase
of a primary residence. The loans are secured by the vested balance in the
participant’s account and bear interest at a rate based on the published prime
rate plus 1%. At January 31, 2008, interest rates ranged from 5.00% to
10.50%. Principal and interest are paid ratably through bi-weekly payroll
deductions.
Payment
of Benefits –
On
termination of service, a participant may elect to receive either a lump-sum
amount equal to the value of his or her vested account, annual installments
over
a five-year period, or payment in the form of an annuity.
Forfeited
Accounts –
Forfeitures of terminated participants’ non-vested accounts are allocated
annually as an additional Company matching contribution to the individual
accounts of participants remaining in the Plan in the plan year in which the
forfeiture occurs and were $109,458 and $18,849, respectively, during the years
ended January 31, 2008 and 2007. At January 31, 2008 and 2007, forfeited
non-vested account balances were $107,981 and $119,325, respectively. Upon
amendment of the Plan Agreement, forfeited account balances will be used to
offset the Company’s discretionary matching contributions made during plan years
subsequent to fiscal 2007.
2.
|
SUMMARY
OF SIGNIFICANT ACCOUNTING
POLICIES
|
Basis
of Accounting –
The
financial statements of the Plan are prepared in accordance with accounting
principles generally accepted in the United States of America.
Use
of Estimates –
The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets,
liabilities, and changes therein and disclosure of contingent assets and
liabilities. Actual results could differ from those estimates.
Risks
and Uncertainties –
The
Plan utilizes various investment instruments, including mutual funds. Investment
securities, in general, are exposed to various risks, such as interest rate,
credit, and overall market volatility. Due to the level of risk associated
with
certain investment securities, it is reasonably possible that changes in the
values of investment securities will occur in the near term and that such
changes could materially affect the amounts reported in the financial
statements.
Investment
Valuation and Income Recognition –
The
Plan’s mutual funds and Buckle Stock Fund are stated at fair value. Shares of
mutual funds are valued at quoted market prices, which represent the net asset
value of shares held by the Plan at year end. Common collective trust funds
are
stated at fair value as determined by the issuer of the common collective trust
funds, based on the fair value of the underlying investments. Common collective
trust funds with underlying investments in benefit-responsive investment
contracts are valued at the fair value of the underlying investments and then
adjusted by the issuer to contract value. Participant loans are valued at the
outstanding loan balances.
The
net
appreciation (depreciation) in the fair value of investments is based on the
fair value of the investments at the beginning of the year or cost, if purchased
during the year.
Purchases
and sales of securities are recorded on a trade-date basis. Interest income
is
recorded on an accrual basis. Dividends are recorded on the ex-dividend
date.
In
accordance with Financial Accounting Standards Board Staff Position FSP AAG
INV-1 and SOP 94-4-1, Reporting
of Fully Benefit-Responsive Contracts Held by Certain Investment Companies
Subject to the AICPA Investment Company Guide and Defined-Contribution Health
and Welfare and Pension Plans (the
“FSP”), the statements of net assets available for benefits present investment
contracts at fair value as well as an additional line item showing an adjustment
from fair value to contract value for fully benefit-responsive investment
contracts. The statement of changes in net assets available for benefits is
presented on a contract value basis and was not affected by the FSP. Fair value
of the contract is calculated by discounting the related cash flows based on
current yields of similar instruments with comparable durations.
The
Wells
Fargo Collective Stable Return Fund invests in a stable value fund that is
a
collective investment trust designed for retirement trusts to earn a high level
of return, consistent with and providing for stability of investment returns,
preservation of capital, liquidity to pay plan benefits, high credit quality,
and reasonable tracking of interest rates. The fund may invest in conventional,
synthetic, and separate account investment contracts issued by life insurance
companies, banks, and other financial institutions. Characteristics of these
contracts allow for their principal value to remain stable regardless of the
volatility of the bond markets. Participants may ordinarily direct the
withdrawal or transfer of all or a portion of their investment at contract
value. Contract value represents invested principal plus accrued interest
thereon.
Administrative
Expenses –
Administrative expenses are paid by either the Company or the Plan, in
accordance with the terms of the Plan Agreement.
Payment
of Benefits –
Benefit
payments to participants are recorded upon distribution.
Adoption
of New Accounting Guidance –
In
September 2006, the Financial Accounting Standards Board issued Statement on
Financial Accounting Standards No. 157 (“SFAS 157”), Fair
Value Measurements.
SFAS
157 establishes a single authoritative definition of fair value, sets out a
framework for measuring fair value, and requires additional disclosures about
fair value measurements. SFAS 157 is effective for financial statements issued
for fiscal years beginning after November 15, 2007. The Company does not believe
the adoption of SFAS 157 will have a material impact on the Plan’s financial
statements.
3.
|
FEDERAL
INCOME TAX STATUS
|
The
Plan
uses a prototype non-standardized plan document sponsored by Wells Fargo Bank
Nebraska NA (“WFBN”). WFBN received an opinion letter from the Internal Revenue
Service (the “IRS”), dated August 30, 2001, which states that the prototype
document satisfies the applicable provisions of the IRC. The Plan itself has
not
received a determination letter from the IRS. The prototype plan document has
been amended since receiving the determination letter. However, the Plan’s
management believes that the Plan is currently designed and being operated
in
compliance with the applicable requirements of the IRC. Therefore, no provision
for income tax has been included in the Plan’s financial
statements.
The
Plan’s management is aware of certain operating or administrative issues that,
if not corrected, could affect the tax qualified status of the Plan and its
related trust and is in the process of correcting the matters identified.
Accordingly, Plan management believes the Plan will retain its tax qualified
status and, therefore, no tax liability has been accrued.
The
following table presents the fair value of Plan investments which exceed 5%
of
net assets available for benefits as of January 31, 2008 and 2007.
|
|
2008
|
|
2007
|
|
|
|
|
|
|
|
Investments
at Fair Value as Determined by Quoted Market
Price:
|
|
|
|
|
|
|
|
The
Buckle Stock Fund:
|
|
|
|
|
|
|
|
The
Buckle, Inc.
|
|
$
|
7,548,143
|
|
$
|
5,903,676
|
|
Balanced
Fund:
|
|
|
|
|
|
|
|
American
Funds Income Fund of America
|
|
|
2,924,282
|
|
|
2,770,997
|
|
Large
Value Fund:
|
|
|
|
|
|
|
|
Van
Kampen Comstock
|
|
|
4,728,878
|
|
|
5,124,978
|
|
Large
Blend Fund:
|
|
|
|
|
|
|
|
Davis
NY Venture
|
|
|
4,107,360
|
|
|
4,126,749
|
|
Large
Growth Fund:
|
|
|
|
|
|
|
|
Wells
Fargo Advantage Capital Growth
|
|
|
2,229,669
|
|
|
2,157,434
|
|
Foreign
Fund:
|
|
|
|
|
|
|
|
American
Funds Europacific Growth
|
|
|
4,390,830
|
|
|
4,108,471
|
|
Global
Fund:
|
|
|
|
|
|
|
|
Oppenheimer
Global
|
|
|
1,817,483
|
|
|
1,837,322
|
|
|
|
|
|
|
|
|
|
Investments
at Estimated Fair Value:
|
|
|
|
|
|
|
|
Stable
Value Fund:
|
|
|
|
|
|
|
|
Wells
Fargo Stable Return Fund N
|
|
$
|
3,258,538
|
|
$
|
3,243,473
|
|
During
the years ended January 31, 2008 and 2007, the Plan’s investments (including
investments bought, sold, and held during the year) appreciated (depreciated)
in
value by $(293,432) and $3,609,820, respectively, as follows:
|
|
Years
Ended January 31,
|
|
|
|
2008
|
|
2007
|
|
|
|
|
|
|
|
Investments
at Fair Value as Determined by Quoted Market
Price:
|
|
|
|
|
|
|
|
Common
stock
|
|
$
|
1,435,919
|
|
$
|
1,732,386
|
|
Mutual
funds
|
|
|
(1,872,608
|
)
|
|
1,739,388
|
|
|
|
|
|
|
|
|
|
Investments
at Estimated Fair Value:
|
|
|
|
|
|
|
|
Collective
stable return fund
|
|
|
143,257
|
|
|
138,046
|
|
|
|
|
|
|
|
|
|
Net
appreciation (depreciation) in fair value
|
|
$
|
(293,432
|
)
|
$
|
3,609,820
|
|
Although
it has not expressed any intent to do so, the Company has the right under the
Plan to terminate the Plan at any time subject to the provisions of ERISA.
In
the event of Plan termination, participants will become 100% vested in their
accounts. The Company may direct the trustee either to distribute the Plan’s
assets to the participants, or to continue the trust and distribute benefits
as
though the Plan had not been terminated.
6.
|
RELATED
PARTY TRANSACTIONS
|
Plan
investments include The Buckle Stock Fund which is invested primarily in the
stock of The Buckle, Inc., the Plan sponsor, and, therefore, these investments
and actual transactions qualify as party–in-interest. The Plan held 177,956
shares of The Buckle, Inc. common stock at January 31, 2008 and 166,966 shares
at January 31, 2007 which had a cost basis of $2,662,229 and $2,289,848,
respectively. Dividend income received by the Plan from its investment in the
stock of The Buckle, Inc. was $160,160 and $436,599 for the plan years ended
January 31, 2008 and January 31, 2007, respectively. Certain Plan investments
are managed by Wells Fargo Financial. Wells Fargo Financial is the trustee
as
defined by the Plan and, therefore, these transactions qualify as
party-in-interest.
Subsequent
to the end of the plan year ended January 31, 2008, the Plan transferred its
recordkeeping functions from Wells Fargo Bank, N.A. to Fidelity Investments,
who
has served as the Plan trustee and recordkeeper since February 2, 2008 (the
effective date of the transfer).
BUCKLE
401(K) PLAN
|
|
|
|
|
|
SUPPLEMENTAL
SCHEDULE
|
|
|
FORM
5500 SCHEDULE H PART IV LINE 4(i)
|
|
|
SCHEDULE
OF ASSETS (HELD AT END OF YEAR)
|
|
|
AS
OF JANUARY 31, 2008
|
|
|
|
|
|
|
|
|
Column B
|
|
Column C
|
|
Column E
|
|
|
|
Description of Investment:
|
|
|
|
|
|
Including Maturity Date, Rate
|
|
|
|
Identity of Issuer, Borrower,
|
|
of Interest, Collateral, and
|
|
Current
|
|
Lessor, or Similar Party
|
|
Par or Maturity Value
|
|
Value
|
|
|
|
|
|
|
|
The
Buckle, Inc.:
|
|
|
|
|
|
|
|
*The
Buckle Stock Fund
|
|
|
177,956
shares
|
|
$
|
7,548,143
|
|
|
|
|
|
|
|
|
|
Balanced
Fund:
|
|
|
|
|
|
|
|
American
Funds Income Fund of America
|
|
|
157,135
shares
|
|
|
2,924,282
|
|
|
|
|
|
|
|
|
|
Fixed
Income Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Advantage Intermediate Government Income
|
|
|
15,654
shares
|
|
|
170,790
|
|
Goldman
Sachs Core Fixed Income
|
|
|
37,911
shares
|
|
|
384,423
|
|
|
|
|
|
|
|
|
|
Large
Value Fund:
|
|
|
|
|
|
|
|
Van
Kampen Comstock
|
|
|
280,646
shares
|
|
|
4,728,878
|
|
|
|
|
|
|
|
|
|
Large
Blend Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Advantage Index
|
|
|
19,214
shares
|
|
|
1,006,614
|
|
Davis
NY Venture
|
|
|
107,523
shares
|
|
|
4,107,360
|
|
|
|
|
|
|
|
|
|
Large
Growth Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Advantage Capital Growth
|
|
|
126,327
shares
|
|
|
2,229,669
|
|
American
Funds Growth Fund of America
|
|
|
16,815
shares
|
|
|
535,063
|
|
|
|
|
|
|
|
|
|
Mid-Cap
Value Fund:
|
|
|
|
|
|
|
|
Goldman
Sachs Mid Cap Value
|
|
|
6,638
shares
|
|
|
224,041
|
|
|
|
|
|
|
|
|
|
Mid-Cap
Growth Fund:
|
|
|
|
|
|
|
|
JP
Morgan Capital Growth
|
|
|
10,997
shares
|
|
|
445,601
|
|
|
|
|
|
|
|
|
|
Small
Value Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Advantage Small Company Value
|
|
|
51,090
shares
|
|
|
596,736
|
|
|
|
|
|
|
|
|
|
Small
Growth Fund:
|
|
|
|
|
|
|
|
Turner
Small Cap Growth
|
|
|
4,775
shares
|
|
|
139,278
|
|
|
|
|
|
|
|
|
|
Foreign
Fund:
|
|
|
|
|
|
|
|
American
Funds Europacific Growth
|
|
|
94,650
shares
|
|
|
4,390,830
|
|
|
|
|
|
|
|
|
|
Global
Fund:
|
|
|
|
|
|
|
|
Oppenheimer
Global
|
|
|
27,347
shares
|
|
|
1,817,483
|
|
|
|
|
|
|
|
|
|
Stable
Value Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Stable Return Fund N
|
|
|
78,502
shares
|
|
|
3,258,538
|
|
|
|
|
|
|
|
|
|
Targeted
Maturity Fund:
|
|
|
|
|
|
|
|
*Wells
Fargo Advantage Dow Jones Target Today
|
|
|
1,401
shares
|
|
|
14,376
|
|
*Wells
Fargo Advantage Dow Jones Target 2010
|
|
|
1,896
shares
|
|
|
24,312
|
|
*Wells
Fargo Advantage Dow Jones Target 2020
|
|
|
6,661
shares
|
|
|
93,591
|
|
*Wells
Fargo Advantage Dow Jones Target 2030
|
|
|
8,230
shares
|
|
|
120,812
|
|
*Wells
Fargo Advantage Dow Jones Target 2040
|
|
|
15,872
shares
|
|
|
262,199
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturing from April 2008 to
|
|
|
|
|
|
|
|
March 2022; interest rates of
|
|
|
|
|
*Participant
Loans
|
|
|
5.0%
to 10.5%
|
|
|
684,567
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
35,707,586
|
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the members of
The
Buckle, Inc. Employee Benefits Committee have duly caused this annual report to
be signed on its behalf by the undersigned hereunto duly
authorized.
|
BUCKLE
401(K) PLAN
|
|
|
|
Date
July
29, 2008
|
By:
|
/s/
Dennis H. Nelson
|
|
|
Dennis H. Nelson
|
|
|
President
and Chief Executive Officer
|
Exhibit
A
CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We
consent to the incorporation by reference in Registration Statement No.
333-133384, Registration Statement No. 333-70641, Registration Statement
No.
333-70643, Registration Statement No. 33-48402 and Post-Effective Amendment
No. 1 to Registration Statement No. 333-70633 of The Buckle, Inc. on Form
S-8 of
our report dated July 28, 2008, appearing in the Annual Report on Form 11-K
of
the Buckle 401(k) Plan for the year ended January 31, 2008.
/s/
DELOITTE & TOUCHE, LLP
Omaha,
Nebraska
July
28,
2008