Petsmart 2000 Annual Report Download - page 67

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common shares outstanding —
bas ic 114,940 116,281 114,920 112,520 108,387
Weighted average number of
common and common equivalent
shares outs tanding — diluted 114,940 117,085 114,920 118,226 108,387
Selected Operating Data:(9)
Stores open at end of period 484 534 468 376 297
Average square footage(5) 12,075,561 11,417,473 9,550,533 7,616,245 6,380,672
Net s ales per s quare foot(6) $ 163.16 $ 174.94 $ 176.97 $ 179.71 $ 163.62
Net s ales growth 0.0% 17.8% 19.3% 28.5% 26.4%
Increase in North American
comparable store sales (7) 4.6% 6.3% 4.6% 11.9% 12.5%
Selected Balance Sheet Data:(9)
Merchandise inventories $ 377,298 $ 336,058 $ 317,547 $ 300,892 $ 211,933
Working capital 280,311 296,307 297,441 158,182 146,236
Total assets 835,390 931,999 839,687 689,810 572,104
Total debt(8) 276,544 296,205 278,761 71,680 65,725
Total stockholders ’ equity $ 314,424 $ 364,818 $ 334,694 $ 361,045 $ 301,798
(1) Reflects the historical financial data of PETsMART after restatement (unless otherwise noted) for: the
acquisition of Sporting Dog Specialties in May 1995, Petstuff in June 1995, Pet Food Giant in
September 1995, State Line Tack in January 1996 and Pet City Holdings plc in December 1996, all of
A-1
which were accounted for under the pooling of interests method; the 3-for-2 stock split effected in the form
of a stock dividend paid to holders of PETsMART Common Stock of record on April 17, 1995; and the 2-
for-1 stock split effected in the form of a stock dividend paid July 19, 1996 to holders of PETsMART
Common Stock of record on July 8, 1996. Fiscal 1995 includes the results of operations of Pet C ity for the
52 weeks ended July 27, 1996, and fiscal 1996 includes the results of operations of Pet City for the
53 weeks ended February 2, 1997.
(2) Fiscal 1996 consisted of 53 weeks; all other years reported consisted of 52 weeks.
(3) Includes a $2,629,000 charge in fiscal 1997 and a $528,000 charge in fiscal 1999 for the cumulative effect
of a change in accounting principle, net of income taxes.
(4) After accretion of redeemable preferred stock of $1,582,000 for fiscal year 1995.
(5) Average square footage is the mathematical average of beginning of year square footage and end of year
square footage.
(6) Net sales per square foot is calculated by dividing net sales, excluding sales of PETsMART Direct, by
average square footage.
(7) North American stores only, excludes UK and PETsMART Direct sales in all periods, and includes only
superstores open at least 52 weeks. Fiscal 1995 has not been restated for the acquisitions of Petstuff and
Pet Food Giant in 1995. Fiscal 1996 data has been adjusted to reflect the first 52 weeks of the 53-week
fiscal year.
9/16/2010 www.sec.gov/Archives/edgar/data/86…
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