Petsmart 2001 Annual Report Download - page 62

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(1) ReÖects the historical Ñnancial data of PETsMART after restatement (unless otherwise noted) for: the
acquisition of State Line Tack in January 1996 and Pet City Holdings plc in December 1996, both of
which were accounted for under the pooling of interests method; and the 2-for-1 stock split eÅected in the
form of a stock dividend paid July 19, 1996 to holders of PETsMART Common Stock of record on
July 8, 1996. 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 Ñscal 1997 and a $528,000 charge in Ñscal 1999 for the cumulative eÅect
of a change in accounting principle, net of income tax beneÑt. Fiscal year 2000 includes an allocation of
losses for minority interest in PETsMART.com of $300,000 and a $2,812,000 extraordinary gain on early
extinguishment of debt, net of income tax expense.
(4) Average square footage is the mathematical average of square footage at the beginning of the year and
square footage at the end of the year.
(5) Net sales per square foot is calculated by dividing net sales, excluding sales of PETsMART Direct and
PETsMART.com, by average square footage.
(6) North American stores only, excludes U.K., PETsMART Direct and PETsMART.com sales in all
periods, and includes only stores open at least 52 weeks. Fiscal 1996 data has been adjusted to reÖect the
Ñrst 52 weeks of the 53-week Ñscal year.
(7) Includes capital lease obligations.
(8) U.K. subsidiary was sold during Ñscal 1999, and is excluded entirely from the related 1999 selected
operating and balance sheet data presented except for stockholders' equity data. Data for Ñscal years 1996
through 1998 include the U.K. subsidiary.
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