Panera Bread 2004 Annual Report Download - page 13

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TRADEMARKS
The Panera Bread(R) and Saint Louis Bread Co.(R) names are of material importance to the Company and are trademarks
registered with the United States Patent and Trademark Office. In addition, other marks of lesser importance have been filed with the
United States Patent and Trademark Office.
ACCESS TO INFORMATION
Our Internet address is www.panerabread.com. We make available at this address, free of charge, nutritional information, press
releases, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those
reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act as soon as reasonably practicable after we
electronically file such material with, or furnish it to, the Securities and Exchange Commission (SEC).
GOVERNMENT REGULATION
Each fresh dough facility and Company-operated and franchised bakery-cafe is subject to regulation and licensing by federal
agencies as well as to licensing and regulation by state and local health, sanitation, safety, fire, and other departments. Difficulties or
failures in obtaining and retaining the required licensing or approval could result in delays or cancellations in the opening of fresh
dough facilities and bakery-cafes as well as fines and possible closure relating to existing fresh dough facilities and bakery-cafes. In
addition, the Company is subject to the Fair Labor Standards Act and various state laws governing such matters as minimum wages,
overtime, and other working conditions.
The Company is also subject to federal and a substantial number of state laws regulating the offer and sale of franchises. Such laws
impose registration and disclosure requirements on franchisors in the offer and sale of the franchises and may also apply substantive
standards to the relationship between franchisor and franchisee.
The Company and its fresh dough facilities are subject to various federal, state, and local environmental regulations. Compliance
with applicable environmental regulations is not believed to have a material effect on capital expenditures, financial condition, results
of operations, or the competitive position of the Company.
The Americans with Disabilities Act prohibits discrimination in employment and public accommodations on the basis of disability.
Under the Americans with Disabilities Act, the Company could be required to expend funds to modify its Company-owned bakery-
cafes to provide service to, or make reasonable accommodations for the employment of, disabled persons. Compliance with the
requirements of the Americans with Disabilities Act is not believed to have a material effect on the Company’s financial condition or
results of operations.
ITEM 2. PROPERTIES
The Company leases substantially all of its bakery-cafe locations and all of its fresh dough facilities with lease terms typically for
ten years with one, two, or three five-year renewal option periods thereafter. Leases typically have charges for minimum base
occupancy, a proportionate share of building and common area operating expenses and real estate taxes, and a contingent percentage
rent based on sales above a stipulated sales level. Certain of the Company’s lease agreements provide for scheduled rent increases
during the lease terms or for rental payments commencing at a date other than the date of initial occupancy. See Note 3 to the
Consolidated Financial Statements for further information on the Company’s accounting for its leases.
Information with respect to Company-operated leased fresh dough facilities as of December 25, 2004 is set forth below:
Facility Square Footage
Franklin, MA..................................................................................................................................................................... 40,300
Chicago, IL........................................................................................................................................................................ 30,900
Cincinnati, OH................................................................................................................................................................... 16,800
Beltsville, MD ................................................................................................................................................................... 17,900
Warren, OH ....................................................................................................................................................................... 16,300
St. Louis, MO .................................................................................................................................................................... 30,000
Orlando, FL ....................................................................................................................................................................... 16,500
Atlanta, GA ....................................................................................................................................................................... 18,000
Greensboro, NC................................................................................................................................................................. 9,600
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