GameStop 2007 Annual Report Download - page 91

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Approximate rental expenses under operating leases were as follows:
52 Weeks
Ended
February 2,
2008
53 Weeks
Ended
February 3,
2007
52 Weeks
Ended
January 28,
2006
(In thousands)
Minimum ....................................... $255,259 $226,974 $126,562
Percentage rentals. ................................ 19,968 13,819 8,620
$275,227 $240,793 $135,182
Future minimum annual rentals, excluding percentage rentals, required under leases that had initial, non-
cancelable lease terms greater than one year, as of February 2, 2008 are approximately:
Year Ended Amount
(In thousands)
January 2009 ....................................................... $ 261,433
January 2010 ....................................................... 221,360
January 2011 ....................................................... 172,656
January 2012 ....................................................... 132,407
January 2013 ....................................................... 94,014
Thereafter ......................................................... 136,402
$1,018,272
11. Commitments and Contingencies
Contingencies
On February 14, 2005, and as amended, Steve Strickland, as personal representative of the Estate of Arnold
Strickland, deceased, Henry Mealer, as personal representative of the Estate of Ace Mealer, deceased, and Willie
Crump, as personal representative of the Estate of James Crump, deceased, filed a wrongful death lawsuit against
GameStop, Sony, Take-Two Interactive, Rock Star Games and Wal-Mart (collectively, the “Defendants”) and Devin
Moore, alleging that Defendants’ actions in designing, manufacturing, marketing and supplying Defendant Moore
with violent video games were negligent and contributed to Defendant Moore killing Arnold Strickland, Ace
Mealer and James Crump. Moore was found guilty of capital murder in a criminal trial and was sentenced to death in
August 2005.
The Defendants filed a motion to dismiss the case on various grounds, which was heard in November 2005 and
was denied. The Alabama Supreme Court denied the Defendants’ request to appeal and discovery was ordered to
proceed. The Court’s scheduling order anticipated a Frye hearing on April 6, 2007, at which plaintiffs’ causation
theory and experts’ credentials were to be challenged. However, that hearing did not take place and plaintiffs’
Alabama and Florida counsel withdrew. New Alabama counsel has entered their appearance for plaintiffs and a new
scheduling order is expected to be entered by the Court, which we believe will set a new Frye hearing date, a new
close of discovery date and a new trial date. The Company does not believe there is sufficient information to
estimate the amount of the possible loss, if any, resulting from the lawsuit.
In the ordinary course of the Company’s business, the Company is, from time to time, subject to various other
legal proceedings. Management does not believe that any such other legal proceedings, individually or in the
aggregate, will have a material adverse effect on the Company’s financial condition or results of operations.
In 2003, the Company purchased a 51% controlling interest in GameStop Group Limited. Under the terms of
the purchase agreement, the individual owners of the remaining 49% interest have the ability to require the
F-24
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)