Lifetime Fitness 2012 Annual Report Download - page 28

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22
(2) In a few of our centers, we sublease space to third parties. The square footage figures include those
subleased areas. The square footage figures exclude areas used for tennis courts, outdoor swimming pools
and outdoor play areas. These figures are approximations.
(3) For acquired centers, date opened is the date we assumed operations of the center.
(4) In December 2011, we acquired nine facilities from LFF in Indiana, North Carolina and Ohio.
(5) This center is a joint venture in which we have a one-third interest.
(6) This center is located in a 109,346 square foot office building that we own.
In addition to the centers listed in the table above, we also operate five facilities which we classify as satellite
locations. These include a 15,640 square foot tennis-only facility that we own in Minnetonka, Minnesota, and four
leased yoga centers in the Detroit, Michigan market.
Other Property Data:
As of December 31,
2012 2011 2010 2009 2008
(Number of centers)
Center age
Open 1 to 12 months (non-mature) 4 12 6 3 11
Open 13 to 36 months (non-mature) 18 9 14 21 25
Open 37+ months (mature) 83 80 69 60 45
Total centers 105 101 89 84 81
Center format
Large format - current model 60 57 54 51 48
Large format - other 24 24 24 24 24
Other format 21 20 11 9 9
Total centers 105 101 89 84 81
Center ownership
Own 48 47 35 28 29
Own/ground lease 9 7 3 3 2
Own/mortgaged 17 17 20 23 20
Own/ground lease/mortgaged — — 3 3 3
Joint venture 1 1 1 1 1
Leased 30 29 27 26 26
Total centers 105 101 89 84 81
Item 3. Legal Proceedings.
We may be subject to litigation from time to time. Due to their nature, such legal proceedings involve inherent
uncertainties, including, but not limited to, court rulings, negotiations between affected parties and governmental
intervention. We have established reserves for matters that are probable and estimable in amounts we believe are
adequate to cover reasonable judgments not covered by insurance. Based upon the information available to us and
discussions with legal counsel, it is our opinion that the outcome of the various legal actions and claims will not
have a material adverse impact on our consolidated financial position, results of operations or cash flows. Such
matters are subject to many uncertainties, however, and the outcome of individual matters is not predictable with
assurance.
Item 4. Mine Safety Disclosures.
None.