Dollar General 2015 Annual Report Download - page 90

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10-K
New accounting guidance or changes in the interpretation or application of existing accounting guidance
could adversely affect our financial performance.
The implementation of new accounting standards will require extensive systems, internal process
and other changes that could increase our operating costs, and also will result in changes to our
financial statements. In particular, the implementation of accounting standards related to leases, as
recently issued by the Financial Accounting Standards Board are expected to require us to make
significant changes to our lease management, fixed asset, and other accounting systems, and will result
in significant changes to our financial statements.
U.S. generally accepted accounting principles and related accounting pronouncements,
implementation guidelines and interpretations with regard to a wide range of matters that are relevant
to our business involve many subjective assumptions, estimates and judgments by our management.
Changes in these rules or their interpretation or changes in underlying assumptions, estimates or
judgments by our management could significantly change our reported or expected financial
performance. The outcome of such changes could include litigation or regulatory actions which could
have an adverse effect on our financial condition and results of operations.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
As of February 26, 2016, we operated 12,575 retail stores located in 43 states as follows:
State Number of Stores State Number of Stores
Alabama ........... 658 Nebraska ........... 99
Arizona ............ 89 Nevada ............ 24
Arkansas ........... 365 New Hampshire ...... 17
California ........... 170 New Jersey .......... 87
Colorado ........... 30 New Mexico ......... 84
Connecticut ......... 29 New York .......... 337
Delaware ........... 42 North Carolina ....... 674
Florida ............. 738 Ohio .............. 659
Georgia ............ 711 Oklahoma .......... 391
Illinois ............. 454 Oregon ............ 7
Indiana ............ 434 Pennsylvania ......... 556
Iowa .............. 189 Rhode Island ........ 4
Kansas ............. 210 South Carolina ....... 457
Kentucky ........... 458 South Dakota ........ 26
Louisiana ........... 494 Tennessee ........... 655
Maine ............. 14 Texas .............. 1,301
Maryland ........... 113 Utah .............. 7
Massachusetts ........ 22 Vermont ........... 30
Michigan ........... 356 Virginia ............ 336
Minnesota .......... 73 West Virginia ........ 199
Mississippi .......... 414 Wisconsin ........... 126
Missouri ............ 436
Most of our stores are located in leased premises. Individual store leases vary as to their terms,
rental provisions and expiration dates. Many stores are subject to build-to-suit arrangements with
landlords, which typically carry a primary lease term of up to 15 years with multiple renewal options.
16