Lifetime Fitness 2011 Annual Report Download - page 33

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27
Other Data:
Same center revenue – 13 month (5)
Same center revenue – 37 month (5)
Average revenue per membership (6)
Average in-center revenue per
membership (7)
Annual attrition rate (8)
EBITDA (9)
EBITDAR (9)
Capital expenditures (10)
Free cash flows (11)
Operating Data (end of period) (12):
Centers open
Memberships
Center square footage (13)
Employees
Margins:
Center operations
EBITDA (14)
EBITDAR (15)
Operating income
Net Income
Stock Information:
Total common shares outstanding
Market price per share – high
Market price per share – close
Market price per share – low
Price/earnings ratio at year-end –
diluted
Market capitalization (16)
For the Year Ended December 31,
2011
(In thousands, except per share, center and membership data)
5.1%
4.3%
$ 1,543
$ 481
35.0%
$ 273,408
$ 316,218
$ 165,335
$ 62,608
101
676,054
9,500,442
20,000
39.3%
27.0%
31.2%
17.1%
9.1%
42,428
$ 48.42
$ 46.75
$ 33.15
20.7
$1,983,509
2010
5.0%
2.3%
$ 1,475
$ 440
36.3%
$ 254,248
$ 296,729
$ 131,671
$ 60,594
89
612,556
8,810,507
19,000
38.5%
27.9%
32.5%
17.6%
8.8%
41,925
$ 42.99
$ 40.99
$ 22.05
20.5
$1,718,505
2009
(3.1%)
(7.5%)
$ 1,414
400
40.6%
$ 240,933
$ 281,174
$ 146,632
$ 39,571
84
578,937
8,459,540
17,400
39.5%
28.8%
33.6%
17.8%
8.6%
41,410
$ 32.05
$ 24.93
$ 7.07
13.6
$1,032,351
2008
2.8%
(2.8%)
$ 1,427
$ 414
42.3%
$ 221,544
$ 248,919
$ 463,337
$ (280,271)
81
567,110
8,109,359
16,700
40.9%
28.8%
32.3%
19.1%
9.3%
39,613
$ 50.28
$ 12.95
$ 8.03
7.1
$ 512,988
2007
6.1%
0.8%
$ 1,360
$ 387
34.3%
$ 197,696
$ 217,072
$ 415,822
$(273,616)
70
499,092
6,832,814
15,000
42.5%
30.1%
33.1%
21.0%
10.4%
39,138
$ 65.09
$ 49.68
$ 45.89
27.9
$1,944,376
(1) In-center revenue includes revenue generated at our centers from fees for personal training, dietitians,
group fitness training and other member activities, sales of products offered at our LifeCafe, sales of
products and services offered at our LifeSpa, tennis and renting space in certain of our centers.
(2) Total operating expenses in 2008 includes expenses totaling $5.0 million associated with plans to slow the
development of new centers. These expenses include severance costs, lower-of-cost-or-market adjustments
in connection with assets held for sale and write-offs associated with land development canceled in the
fourth quarter of 2008.
Total operating expenses in 2010 includes $5.6 million associated with performance-based restricted stock
compensation expense. In June 2009, we granted performance-based restricted stock to our senior
management team. In fourth quarter 2010, we determined that achieving the 2011 diluted earnings per share
performance criteria required for vesting of 50% of the stock (representing approximately 450,000 shares
of restricted stock) was now probable. As a result, we recognized a cumulative, non-cash performance
share-based compensation expense of $5.6 million (pretax) in the quarter. Of this amount, approximately
$1.2 million is reflected in center operations expense and approximately $4.4 million is reflected in general
and administrative expense.