Lifetime Fitness 2006 Annual Report Download - page 65

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except share and per share data)
59
Financial data and reconciling information for our reporting segment to the consolidated amounts in the financial
statements are as follows:
Centers All Other Consolidated
Segment reporting:
Year ended December 31, 2006:
Revenue.................................................................
.
$ 500,393 $ 11,504 $ 511,897
Net income (loss)...................................................
.
$ 56,507 $ (5,942) $ 50,565
Provision (benefit) for income taxes......................
.
37,475 (3,962) 33,513
Interest expense, net ..............................................
.
12,747 4,609 17,356
Depreciation and amortization...............................
.
42,250 5,310 47,560
EBITDA..........................................................
.
$ 148,979 $ 15 $ 148,994
Total assets ............................................................
.
$ 877,818 $ 109,858 $ 987,676
Year ended December 31, 2005:
Revenue.................................................................
.
$ 381,040 $ 9,076 $ 390,116
Net income (loss)...................................................
.
$ 46,714 $ (5,501) $ 41,213
Provision (benefit) for income taxes......................
.
30,425 (3,667) 26,758
Interest expense, net ..............................................
.
12,288 1,788 14,076
Depreciation and amortization...............................
.
32,004 6,342 38,346
EBITDA..........................................................
.
$ 121,431 $ (1,038) $ 120,393
Total assets ............................................................
.
$ 634,789 $ 88,671 $ 723,460
Year ended December 31, 2004:
Revenue.................................................................
.
$ 300,084 $ 11,949 $ 312,033
Net income (loss)...................................................
.
$ 35,918 $ (7,010) $ 28,908
Provision (benefit) for income taxes......................
.
24,792 (4,673) 20,119
Interest expense, net ..............................................
.
15,760 1,813 17,573
Depreciation and amortization...............................
.
24,013 5,642 29,655
EBITDA..........................................................
.
$ 100,483 $ (4,228) $ 96,255
Total assets ............................................................
.
$ 486,975 $ 85,112 $ 572,087
10. Commitments and Contingencies
Lease Commitments — We lease certain property under operating leases, which require us to pay maintenance,
insurance and other expenses in addition to annual rentals. The minimum annual payments under all noncancelable
operating leases at December 31, 2006 are as follows:
2007 ..................................................................................................................................................... $ 17,768
2008 ..................................................................................................................................................... 17,090
2009 ..................................................................................................................................................... 17,242
2010 ..................................................................................................................................................... 17,164
2011 ..................................................................................................................................................... 17,033
Thereafter............................................................................................................................................. 235,505
$321,802