Petsmart 2002 Annual Report Download - page 77

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PETsMART, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
The following table summarizes information about the Company's stock options as of February 2, 2003:
Options Outstanding Options Exercisable
Weighted Average Weighted Weighted
Range of Number Remaining Average Number Average
Exercise Prices Outstanding Contractual Life Exercise Price Exercisable Exercise Price
(In thousands) (In thousands)
$ 0.717 Ó $ 3.000 444 7.78 $ 2.44 397 $ 2.42
$ 3.030 Ó $ 3.470 2,763 8.02 $ 3.05 1,176 $ 3.06
$ 3.625 Ó $ 5.000 1,855 7.07 $ 4.20 1,163 $ 4.13
$ 5.219 Ó $ 7.188 473 6.00 $ 6.78 401 $ 6.93
$ 7.340 Ó $ 7.531 1,029 6.23 $ 7.52 953 $ 7.53
$ 7.563 Ó $ 8.450 1,554 5.64 $ 7.90 1,427 $ 7.85
$ 8.500 Ó $ 9.938 919 5.14 $ 9.39 799 $ 9.44
$10.375 Ó $10.550 2,645 8.73 $10.54 94 $10.40
$10.583 Ó $12.000 872 3.34 $11.69 849 $11.70
$12.083 Ó $15.375 1,316 5.55 $13.99 758 $14.37
$15.640 Ó $28.750 623 5.05 $21.26 495 $22.03
$ 0.717 Ó $28.750 14,493 6.76 $ 8.20 8,512 $ 8.31
Stockholder Rights Plan
On August 4, 1997, the Company adopted a Stockholder Rights Plan under which one preferred share
purchase right was distributed on August 29, 1997 for each share of common stock held on that date. No
certiÑcates for the rights will be issued unless a person or group, subject to certain exceptions, acquires 15% or
more of the Company's common stock or announces a tender oÅer for 15% or more of the common stock.
Each right entitles the registered holder to purchase from the Company, upon such event, one one-hundredth
of a share of Series A Junior Participating Preferred stock, par value $0.0001 per share, at a price of $65.00 per
one one-hundredth of a preferred share. Each preferred share is designed to be the economic equivalent of 100
common shares. The rights expire August 28, 2007, and are subject to redemption at a price of $0.001 in
speciÑed circumstances.
Note 15 Ì Supplemental Schedule of Cash Flows
Supplemental cash Öow information for Ñscal years 2002, 2001, and 2000 was as follows (in thousands):
Fiscal Year
2002 2001 2000
Interest paidÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 19,260 $ 24,405 $23,810
Income taxes paidÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 74,009 $ 9,427 $ 3,923
Conversion of subordinated notes to common stock ÏÏÏÏÏÏÏÏÏÏ $174,732 $ Ì $ Ì
Assets acquired using capital lease obligations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 11,263 $107,930 $11,690
Note 16 Ì Financial Information by Business Segment
As of February 3, 2002, the Company had three operating segments; PETsMART North America, which
included all retail stores, PETsMART Direct, which included the Company's equine catalog and Internet
operations, and PETsMART.com, which included the Company's pet catalog and Internet operations. As a
result of the reorganization of the PETsMART Direct and PETsMART.com operations and the Ñnancial
results of these operating segments during the thirteen-week period ended May 5, 2002, the Company has
F-29