Buffalo Wild Wings 2005 Annual Report Download - page 60
Download and view the complete annual report
Please find page 60 of the 2005 Buffalo Wild Wings 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 26, 2004 AND DECEMBER 25, 2005
(DOLLAR AMOUNTS IN THOUSANDS, EXCEPT PER−SHARE AMOUNTS)
Purchases of available for−sale securities totaled $69.9 million in 2004
with sales totaling $53.2 million. Purchases of held−to−maturity securities
totaled $25.5 million in 2004 with proceeds from maturities totaling $5.6
million. All held−to−maturity debt securities are due within one year and had
aggregate fair values of $19.8 million at December 26, 2004. The fair value of
available−for−sale investments in debt securities by contractual maturities at
December 25, 2005, is as follows:
Maturity Date Fair Value
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−
1−5 years $ 2,760
5−10 years 6,434
After 10 years 24,337
−−−−−−−−−−−−−−
Total $ 33,531
==============
(3) PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
As of
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
December 26, December 25,
2004 2005
−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−
Construction in process $ 3,088 956
Leasehold improvements 51,736 64,535
Furniture, fixtures, and equipment 36,296 45,279
−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−
91,120 110,770
Less accumulated depreciation (31,471) (42,077)
−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−
$ 59,649 68,693
================= ================
(4) LEASE COMMITMENTS
The Company leases all of its restaurants and corporate offices under
operating leases that have various expiration dates. In addition to base rents,
leases typically require the Company to pay its share of maintenance and real
estate taxes and certain leases include provisions for contingent rentals based
upon sales.
Future minimum rental payments due under noncancelable operating leases
for existing restaurants and commitments for restaurants under development as of
December 25, 2005 are as follows:
Restaurants
Operating Under
Leases Development
−−−−−−−−−−−−−− −−−−−−−−−−−−−
Fiscal year ending:
2006 $ 13,793 1,008
2007 13,665 1,352
2008 12,906 1,367
2009 12,111 1,375
2010 11,124 1,387
Thereafter 58,226 7,864
−−−−−−−−−−−−−− −−−−−−−−−−−−−
Total future minimum lease payments $ 121,825 14,353
============== =============
44