Lifetime Fitness 2010 Annual Report Download - page 29

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23
(2) In a few of our centers, we sublease space to third parties who operate our pro shop or climbing wall or to
hospitals or physical therapy providers. The square footage figures include those subleased areas. The square
footage figures exclude areas used for tennis courts, outdoor swimming pools and outdoor play areas. These
figures are approximations.
(3) For acquired centers, date opened is the date we assumed operations of the center.
(4) This center is a joint venture in which we have a one-third interest.
(5) 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.
(6) 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 operate three facilities which we classify as satellite
locations. These include an owned 15,640 square foot tennis-only facility in Minnetonka, Minnesota, an owned
21,829 square foot health club/presale center in Colorado Springs, Colorado and a leased 3,789 square foot yoga
center in Phoenix, Arizona.
Other Property Data:
As of December 31,
2010 2009 2008 2007 2006
(Number of centers)
Center age
Open 1 to 12 months........................................ 6 3 11 10 15
Open 13 to 36 months...................................... 14 21 25 22 13
Open 37+ months (mature) .............................. 69 60 45 38 32
Total centers .................................................... 89 84 81 70 60
Center format
Large format - current model ........................... 54 51 48 38 30
Large format - other ......................................... 24 24 24 23 21
Other format .................................................... 11 9 9 9 9
Total centers .................................................... 89 84 81 70 60
Center ownership
Own ................................................................. 35 28 29 28 25
Own/ground lease ............................................ 3 3 2 1 1
Own/mortgaged ............................................... 20 23 20 18 12
Own/ground lease/mortgaged .......................... 3 3 3 3 3
Joint venture .................................................... 1 1 1 1 1
Leased .............................................................. 27 26 26 19 18
Total centers .................................................... 89 84 81 70 60
Item 3. Legal Proceedings.
We may be subject to litigation from time to time. 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 will
not have a material adverse impact on our consolidated financial position, results of operations or cash flows. Such
matters are subject to many uncertainties, however, and the outcome of individual matters is not predictable with
assurance.