Harris Teeter 2012 Annual Report Download - page 9

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Item 2. Properties
The Company owns its principal offices in Matthews, North Carolina, a 517,000 square foot distribution facility east of
Charlotte, a 1,438,000 square foot distribution facility in Greensboro, North Carolina, and a 90,500 square foot dairy processing
plant in High Point, North Carolina. Both distribution facilities contain dry grocery warehousing space and refrigerated storage
for perishable goods. The Greensboro facility also has frozen goods storage and a single pick facility for health and beauty care
products and other general merchandise. In addition, the Company utilizes a transfer facility in Fredericksburg, VA in support
of its distribution operations. The Company operates its retail stores primarily from leased properties. As of the end of fiscal
2012, the Company held title to the land and buildings of four of its operating supermarkets. The remaining supermarkets are
either leased in their entirety or the building is owned and situated on leased land. In addition, the Company holds interest in
properties that are under development for store sites. The Company’s supermarkets range in size from approximately 16,200
square feet to 72,900 square feet, with an average size of approximately 49,100 square feet.
The following table sets forth selected statistics with respect to the Company’s stores for each of the last three fiscal years:
2012 2011 2010
Stores Open at Period End 208 204 199
Average Weekly Net Sales Per Store* $ 425,235 $ 403,107 $ 395,510
Average Square Footage Per Store at Period End 49,126 48,129 47,792
Average Square Footage Per New Store Opened During Period 53,794 52,980 50,312
Total Square Footage at Period End 10,218,118 9,818,232 9,510,688
____________
* Computed on the basis of aggregate sales of stores open for a full year.
The Company believes its facilities are adequate for its current operations. However, additional or expanded facilities may
be required in strategic regions to support growth in the future.
Item 3. Legal Proceedings
The Company is involved in various legal matters from time to time in connection with their operations, including various
lawsuits and environmental matters. These matters considered in the aggregate have not had, nor does the Company expect them
to have, a material effect on the Company’s results of operations, financial position or cash flows.
Item 4. Mine Safety Disclosures
Not applicable.
Item 4A. Executive Officers of the Registrant
The following list contains the name, age, positions and offices held and period served in such positions or offices for each
of the executive officers of the Registrant.
Thomas W. Dickson, age 57, is the Company’s Chairman of the Board and Chief Executive Officer. He has been
Chairman of the Board since March 2006 and Chief Executive Officer since February 1997. In addition, he served
as President from February 1997 through March 2012. Before his election as President and Chief Executive Officer,
he served as Executive Vice President of the Company from February 1996 to February 1997. Prior to that time, from
February 1994 to February 1996 he served as President of, and from February 1991 to February 1994 he served as
Executive Vice President of, the Company’s former A&E subsidiary.
Frederick J. Morganthall, II, age 61, is the Company’s President and Chief Operating Officer. He has served as
President and Chief Operating Officer since March 2012. Before his election as President and Chief Operating Officer,
he served as President of Harris Teeter from October 1997. Prior to that time, and beginning in October 1996, he served
as Executive Vice President of Harris Teeter. He was also Harris Teeter’s Senior Vice President of Operations from
October 1995 to October 1996, Vice President of Operations from April 1994 to October 1995 and Vice President
of Sales and Distribution from October 1992 to April 1994.
John B. Woodlief, age 62, is the Company’s Executive Vice President and Chief Financial Officer. He has served as
Executive Vice President and Chief Financial Officer since March 2012. Before his election as Executive Vice
President and Chief Financial Officer he served as the Vice President – Finance and Chief Financial Officer of the
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