Express 2013 Annual Report Download - page 49

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Table of Contents




Stores $ 1,836,704
$1,851,527
$ 1,846,323
E-commerce 340,590
271,497
205,489
Other revenue 41,831
34,203
28,647
Total net sales $2,219,125
$2,157,227
$2,080,459
Other revenue consists primarily of shipping and handling revenue related to e-commerce activity, revenue from franchise agreements, sell-off revenue, and gift
card breakage.
Revenues and long-lived assets relating to the Company's international operations for 2013, 2012, and 2011, and as of February 1, 2014 and February 2,
2013, respectively, were not material and, therefore, not reported separately from domestic revenues and long-lived assets.

Property and equipment, net, consisted of:



Building improvements $13,955
$2,816
Furniture, fixtures and equipment, software 315,462
275,334
Leaseholds and improvements 344,369
305,324
Construction in process 93,560
41,555
Other 315
315
Total 767,661
625,344
Less: accumulated depreciation (391,539)
(346,975)
Property and equipment, net $376,122
$278,369
Depreciation expense totaled $66.7 million, $64.6 million, and $63.0 million in 2013, 2012, and 2011, respectively.

Annual store rent consists of a fixed minimum amount and/or contingent rent based on a percentage of sales exceeding a stipulated amount.
Rent expense is summarized as follows:
  
Store rent: 
Fixed minimum $201,477 $180,577 $163,057
Contingent 5,942 8,180 8,375
Total store rent 207,419 188,757 171,432
Home office, distribution center, other 5,400 4,859 3,789
Total rent expense $212,819 $193,616 $175,221
49