Big Lots 2013 Annual Report Download - page 199
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57
Future minimum rental commitments for leases, excluding closed store leases, real estate taxes, CAM, and property insurance,
at February 1, 2014, were as follows:
Fiscal Year (In thousands)
2014 $260,921
2015 213,657
2016 173,486
2017 127,602
2018 92,941
Thereafter 134,505
Total leases $1,003,112
We have obligations for capital leases for office equipment, included in accrued operating expenses and other liabilities on our
consolidated balance sheet. Scheduled payments for all capital leases at February 1, 2014, were as follows:
Fiscal Year (In thousands)
2014 $930
2015 86
2016 2
2017
—
2018
—
Thereafter
—
Total lease payments $1,018
Less amount to discount to present value (8)
Capital lease obligation per balance shee
t
$1,010
NOTE 6 – SHAREHOLDERS’ EQUITY
Earnings per Share
There were no adjustments required to be made to weighted-average common shares outstanding for purposes of computing
basic and diluted earnings per share and there were no securities outstanding in any year presented, which were excluded from
the computation of earnings per share other than antidilutive employee and director stock options and non-vested restricted
stock awards. Stock options outstanding that were excluded from the diluted share calculation because their impact was
antidilutive at the end of 2013, 2012, and 2011 were as follows:
(In millions) 2013 2012 2011
Antidilutive stock options excluded from dilutive share calculation 2.8 1.9 1.5
Antidilutive options are excluded from the calculation because they decrease the number of diluted shares outstanding under
the treasury stock method. Antidilutive options are generally outstanding options where the exercise price per share is greater
than the weighted-average market price per share for our common shares for each period. The number of shares of non-vested
restricted stock that were antidilutive, as determined under the treasury stock method, is immaterial for all years presented.