Family Dollar 2011 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2011 Family Dollar annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Of our 6,510 leased stores at October 1, 2011, all but 123 leases grant us options to renew for additional
terms, in most cases for a number of successive five-year periods. The following table sets forth certain data
concerning the expiration dates of all leases with renewal options as of October 1, 2011:
Fiscal Years
Approximate Number
of Leases Expiring
Assuming No Exercise
of Renewal Options
Approximate Number
of Leases Expiring
Assuming Full
Exercise of Renewal
Options
2012 .......................................... 993 86
2013-2015 ...................................... 3,230 252
2016-2018 ...................................... 1,672 381
2019-2021 ...................................... 573 530
2022 and thereafter ............................... 42 5,261
We own our corporate headquarters and a distribution center located on a 108-acre tract of land in
Matthews, North Carolina, just outside of Charlotte, in two buildings containing approximately 1.24 million
square feet. We use approximately 930,000 square feet for the distribution center, which includes receiving,
warehousing, shipping, and storage facilities, and we use approximately 310,000 square feet for the corporate
headquarters.
We also own eight additional full-service distribution centers, described in the table below:
Facility Size
Distribution Center Land Building Date Operational
West Memphis, AR ........................... 75acres 850,000 sq. ft. April 1994
Front Royal, VA ............................. 108acres 907,000 sq. ft. January 1998
Duncan, OK ................................. 85acres 907,000 sq. ft. July 1999
Morehead, KY ............................... 94acres 907,000 sq. ft. June 2000
Maquoketa, IA ............................... 74acres 907,000 sq. ft. March 2002
Odessa, TX ................................. 89acres 907,000 sq. ft. July 2003
Marianna, FL ................................ 76acres 907,000 sq. ft. January 2005
Rome, NY .................................. 87acres 907,000 sq. ft. April 2006
In addition, in fiscal 2011, we began construction on our 10th distribution center in Ashley, Indiana.
ITEM 3. LEGAL PROCEEDINGS
Information for this item is included in Note 10 to the Consolidated Financial Statements included in this
Report, and incorporated herein by reference.
ITEM 4. REMOVED AND RESERVED
18