Big Lots 2014 Annual Report Download - page 133
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55
Future minimum rental commitments for leases, excluding closed store leases, real estate taxes, CAM, and property insurance,
at January 31, 2015, were as follows:
Fiscal Year (In thousands)
2015 $ 248,122
2016 208,356
2017 165,037
2018 128,974
2019 85,542
Thereafter 108,629
Total leases $ 944,660
We have obligations for capital leases primarily for store asset protection equipment and office equipment, included in accrued
operating expenses and other liabilities on our consolidated balance sheet. Scheduled payments for all capital leases at
January 31, 2015, were as follows:
Fiscal Year (In thousands)
2015 $ 4,010
2016 3,938
2017 3,584
2018 2,881
2019 2,881
Thereafter 5,045
Total lease payments $ 22,339
Less amount to discount to present value (2,869)
Capital lease obligation per balance sheet $ 19,470
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 stock options, restricted stock awards, and restricted stock units.
Stock options outstanding that were excluded from the diluted share calculation because their impact was antidilutive at the end
of 2014, 2013, and 2012 were as follows:
(In millions) 2014 2013 2012
Antidilutive stock options excluded from dilutive share calculation 1.1 2.8 1.9
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 restricted stock awards and
restricted stock units that were antidilutive, as determined under the treasury stock method, were immaterial for all years
presented.