Pottery Barn 2007 Annual Report Download - page 27

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Corporate Facilities
We also lease office, design studio, photo studio, warehouse and data center space in the following locations:
Location Square Footage (Approximate)
Brisbane, California 194,000 square feet
San Francisco, California 173,000 square feet
New York City, New York 52,000 square feet
Rocklin, California 14,000 square feet
On November 29, 2007, we entered into an agreement to lease a 25,000 square foot facility located in San
Francisco, California. The lease has an initial term of forty-three months with one optional twenty-month
renewal. As of February 3, 2008, we had not yet occupied this space but have included it in the table above.
In addition to the above leased facilities, we own buildings in San Francisco, California which we use for our
corporate headquarters. Our primary headquarters, consisting of 122,000 square feet, was purchased in 1993. In
February 2000, we purchased an additional 204,000 square foot facility in San Francisco, California for the
purpose of consolidating certain headquarters staff and providing for future growth. Further, we own a 13,000
square foot data center located in Memphis, Tennessee.
We believe that our facilities are adequate for our current needs and that suitable additional or substitute space
will be available in the future to replace our existing facilities, if necessary, or to accommodate the expansion of
our operations.
ITEM 3. LEGAL PROCEEDINGS
We are involved in lawsuits, claims and proceedings incident to the ordinary course of our business. These
disputes, which are not currently material, are increasing in number as our business expands and our company
grows larger. Litigation is inherently unpredictable. Any claims against us, whether meritorious or not, could be
time consuming, result in costly litigation, require significant amounts of management time and result in the
diversion of significant operational resources. The results of these lawsuits, claims and proceedings cannot be
predicted with certainty. However, we believe that the ultimate resolution of these current matters will not have a
material adverse effect on our consolidated financial statements taken as a whole.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There were no matters submitted to a vote of security holders during the fourth quarter of fiscal 2007.
17
Form 10-K