Lifetime Fitness 2009 Annual Report Download - page 29

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24
(4) We operate a separate 13,842 square foot full-service restaurant in the same building. The square footage
figure in the table does not include the restaurant space.
(5) Our Highland Park, Minnesota center is located in a 109,346 square foot office building that we own.
In addition to the centers listed in the table above, we also operated three facilities which we classify as satellite
locations. These include an owned 15,640 tennis-only facility in Minnetonka, Minnesota, a leased 42,574 square
foot facility in Flower Mound, Texas which operates as an ancillary site to our Flower Mound center, and an owned
21,829 square foot health club/presale center in Colorado Springs, Colorado.
Other Property Data:
As of December 31,
2009 2008 2007 2006 2005
(Number of centers)
Center age
Open 1 to 12 months........................................ 3 11 10 15 7
Open 13 to 36 months...................................... 21 25 22 13 10
Open 37+ months (mature) .............................. 60 45 38 32 29
Total centers .................................................... 84 81 70 60 46
Center format
Large format - current model ........................... 51 48 38 30 23
Large format - other ......................................... 24 24 23 21 14
Other format .................................................... 9 9 9 9 9
Total centers .................................................... 84 81 70 60 46
Center ownership
Own ................................................................. 28 29 28 25 16
Own/ground lease ............................................ 3 2 1 1 1
Own/mortgaged ............................................... 23 20 18 12 13
Own/ground lease/mortgaged .......................... 3 3 3 3 3
Joint venture .................................................... 1 1 1 1 1
Leased .............................................................. 26 26 19 18 12
Total centers .................................................... 84 81 70 60 46
Item 3. Legal Proceedings.
We may be subject to litigation from time to time incidental to the normal course of our business. Due to their
nature, such legal proceedings involve inherent uncertainties, including but not limited to, court rulings, negotiations
between affected parties and governmental intervention. We have established reserves for matters that are probable
and estimable in amounts we believe are adequate to cover reasonable adverse judgments not covered by insurance.
Based upon the information available to us and discussions with legal counsel, it is our opinion that the outcome of
the various legal actions and claims that are incidental to the our business will not have a material adverse impact on
our consolidated financial position, results of operations or cash flows; however, such matters are subject to many
uncertainties, and the outcome of individual matters are not predictable with assurance.
Item 4. Submission of Matters to a Vote of Security Holders.
None.