Buffalo Wild Wings 2008 Annual Report Download - page 50

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50
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 28, 2008 and December 30, 2007
(Dollar amounts in thousands, except per-share amounts)
Reacquired franchise rights were acquired during 2008 in connection with the acquisition of nine franchised restaurants
in Nevada and are included in other assets in the accompanying consolidated balance sheets. As of December 28, 2008,
reacquired franchise rights were as follows:
December 28,
2008
Reacquired franchise rights $ 7,040
Accumulated amortization (207)
$ 6,833
Amortization expense related to reacquired franchise rights for 2008 was $207. The weighted average amortization
period is 19 years. Estimated future amortization expense as of December 28, 2008 is as follows:
Fiscal year ending:
2009 $ 612
2010 614
2011 605
2012 579
2013 535
Thereafter 3,888
Total future amortization expense $ 6,833
(5) Lease Commitments
We lease all of our restaurants and corporate offices under operating leases that have various expiration dates. In
addition to base rents, leases typically require us to pay our 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 28, 2008 were as follows:
Operating
leases
Restaurants
under
development
Fiscal year ending:
2009 $ 24,276 $ 1,985
2010 23,497 2,917
2011 22,574 3,029
2012 21,675 3,031
2013 20,194 3,031
Thereafter 91,396 30,419
Total future minimum lease payments $ 203,612 $ 44,412