Pottery Barn 2014 Annual Report Download - page 35
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Please find page 35 of the 2014 Pottery Barn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Owned Properties
The following table summarizes the location and size of our owned facilities occupied as of February 1, 2015:
Location Occupied Square Footage (Approximate)
San Francisco, California 412,000
Rocklin, California 42,000
Other 17,000
We believe that all of 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, or to accommodate the expansion of our
operations, if necessary.
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. We review the need for any loss contingency reserves and establish reserves when, in the opinion
of management, it is probable that a matter would result in liability, and the amount of loss, if any, can be
reasonably estimated. In view of the inherent difficulty of predicting the outcome of these matters, it may not be
possible to determine whether any loss is probable or to reasonably estimate the amount of the loss until the case
is close to resolution, in which case no reserve is established until that time. 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. MINE SAFETY DISCLOSURES
Not applicable.
21
Form 10-K