Lifetime Fitness 2013 Annual Report Download - page 28

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22
Other Property Data:
As of December 31,
2013 2012 2011 2010 2009
(Number of centers)
Center age
Open 1 to 12 months (non-mature) 3 4 12 6 3
Open 13 to 36 months (non-mature) 16 18 9 14 21
Open 37+ months (mature) 89 83 80 69 60
Total centers 108 105 101 89 84
Center format
Large format - current model 63 60 57 54 51
Large format - other 24 24 24 24 24
Other format 21 21 20 11 9
Total centers 108 105 101 89 84
Center ownership
Own 46 48 47 35 28
Own/ground lease 9 9 7 3 3
Own/mortgaged 22 17 17 20 23
Own/ground lease/mortgaged — — — 3 3
Joint venture 1 1 1 1 1
Leased 30 30 29 27 26
Total centers 108 105 101 89 84
Center composition
Company originated centers 86 83 80 77 73
Acquired centers 22 22 21 12 11
Total centers 108 105 101 89 84
Generally, the main differences between our large format centers and those that are of the current model design are
that our current model centers generally include an outdoor aquatics park, larger indoor aquatics area, larger
gymnasium, up to three additional studios and enhanced LifeSpa and LifeCafe spaces. We believe that all of our
large format centers serve as all-in-one sports and athletic, professional fitness, family recreation and spa
destinations. The other center format includes smaller or specialty centers.
Excluding renewal options, the terms of leased centers, including ground leases, expire at various dates from 2014
through 2049. The majority of our leases have renewal options and a few give us the right to purchase the property.
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.