Advance Auto Parts 2013 Annual Report Download - page 30

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As of December 28, 2013, we owned 792 of our stores and leased 3,257 stores. The expiration dates, including the exercise
of renewal options, of the store leases are summarized as follows:
Years AAP Stores AI Stores Total
2014 37 44 81
2015-2019 297 165 462
2020-2024 535 8 543
2025-2034 1,006 — 1,006
2035-2044 1,102 — 1,102
2045-2069 63 — 63
3,040 217 3,257
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 their material suppliers 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. The products in the lawsuits naming us or our subsidiaries as defendants have primarily included brake
parts. The pending cases against us and our subsidiaries are in various 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.