CompUSA 2010 Annual Report Download - page 65

14
North America
As of December 31, 2010 we have seven distribution centers in North America which aggregate approximately 1.7 million square feet,
all of which are leased. Our headquarters, administrative offices and call centers aggregate approximately 340,000 square feet, all of
which are leased. Our computer assembly facility is approximately 300,000 square feet and is owned by the Company.
The following table summarizes the geographic location of our North America stores at the end of 2010:
Location Stores Open – 12/31/09 Store Openings Stores Open – 12/31/10
Delaware 1 1 2
Florida 18 - 18
Georgia - 1 1
Illinois 3 1 4
North Carolina
2 - 2
Puerto Rico 1 - 1
Texas 4 3 7
Ontario, Canada 5 1 6
34 7 41
All of our retail stores are leased. The retail stores average 22,500 square feet.
Europe
As of December 31, 2010, we have seven distribution centers in Europe which aggregate approximately 295,000 square feet. Six of
these, aggregating approximately 219,000 square feet, are leased; one distribution center of approximately 76,000 square feet is owned
by the Company. Our administrative offices and call centers aggregate approximately 270,000 square feet, of which 192,000 square
feet are leased and 78,000 square feet are owned by the Company.
Please refer to Note 10 to the Consolidated Financial Statements for additional information about leased properties.
Item 3. Legal Proceedings.
Other Matters
The Company and its subsidiaries are involved in various lawsuits, claims, investigations and proceedings including commercial,
employment, consumer, personal injury and health and safety law matters, which are being handled and defended in the ordinary
course of business. In addition, the Company is subject to various assertions, claims, proceedings and requests for indemnification
concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum
of products the Company sells. The Company is also audited by (or has initiated voluntary disclosure agreements with) numerous
governmental agencies in various countries, including U.S. Federal and state authorities, concerning potential income tax, sales tax
and unclaimed property liabilities. These matters are in various stages of investigation, negotiation and/or litigation, and are being
vigorously defended. Although the Company does not expect, based on currently available information, that the outcome in any of
these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations, the
ultimate outcome is inherently unpredictable. Therefore, judgments could be rendered or settlements entered, that could adversely
affect the Company’ s operating results or cash flows in a particular period. Additionally, our Audit Committee, with the assistance of
independent counsel, is conducting an independent investigation into certain anonymous whistleblower allegations concerning our
Miami, Florida operations. While the investigation is not yet complete, it does not appear that there is any material impact on our
reported consolidated financial statements. The Company routinely assesses all of its litigation and threatened litigation as to the
probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the
likelihood of loss as probable and estimable.
Item 4. Submission of Matters to a Vote of Security Holders.
None.