Advance Auto Parts 2012 Annual Report Download - page 23

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At December 29, 2012, we owned 774 of our stores and leased 3,020 stores. The expiration dates, including the exercise of
renewal options, of the store leases are summarized as follows:
Years AAP Stores AI Stores Total
2013 23 15 38
2014-2018 281 70 351
2019-2023 601 84 685
2024-2033 732 48 780
2034-2043 1,128 1 1,129
2044-2069 37 — 37
2,802 218 3,020
Item 3. Legal Proceedings.
We currently and from time to time are involved in litigation incidental to the conduct of our business, including litigation
arising from claims of employment discrimination or other types of employment matters as a result of claims by current and
former Team Members. Although we diligently defend against these claims, we may enter into discussions regarding settlement
of these and other lawsuits, and may enter into settlement agreements, if we believe settlement is in the best interests of the
Company and our shareholders. The damages claimed against us in some of these proceedings are substantial. Although the
amount of liability that may result from these matters cannot be ascertained, we do not currently believe that, in the aggregate,
they will result in liabilities material to our consolidated financial condition, future results of operations or cash flow.
Our Western Auto subsidiary, together with other defendants including automobile manufacturers, automotive parts
manufacturers and other retailers, has been named as a defendant in lawsuits alleging injury as a result of exposure to asbestos-
containing products. We and some of our other subsidiaries also have been named as defendants in many of these lawsuits. The
plaintiffs have alleged that these products were manufactured, distributed and/or sold by the various defendants. These products
have primarily included brake parts. Many of the cases pending against us or our subsidiaries are in the early stages of
litigation. The damages claimed against the defendants in some of these proceedings are substantial. Additionally, some of the
automotive parts manufacturers named as defendants in these lawsuits have declared bankruptcy, which will limit plaintiffs'
ability to recover monetary damages from those defendants. Although we diligently defend against these claims, we may enter
into discussions regarding settlement of these and other lawsuits, and may enter into settlement agreements, if we believe
settlement is in the best interests of the Company and our shareholders. We also believe that many of these claims are at least
partially covered by insurance. Based on discovery to date, we do not believe the cases currently pending will have a material
adverse effect on us. However, if we were to incur an adverse verdict in one or more of these claims and were ordered to pay
damages that were not covered by insurance, these claims could have a material adverse effect on our operating results,
financial position and cash flows. Historically, our asbestos claims have been inconsistent in type and number and have been
immaterial. As a result, we are unable to estimate a possible range of loss with respect to unasserted asbestos claims that may
be filed against the Company in the future. If the number of claims filed against us or any of our subsidiaries alleging injury as
a result of exposure to asbestos-containing products increases substantially, the costs associated with concluding these claims,
including damages resulting from any adverse verdicts, could have a material adverse effect on our operating results, financial
position and cash flows in future periods.
Item 4. Mine Safety Disclosures.
Not applicable.