Petsmart 2003 Annual Report Download - page 82

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(1) Certain items have been reclassiÑed to conform to current year presentation.
(2) Fiscal 2001 consisted of 53 weeks; all other years reported consisted of 52 weeks.
(3) Includes 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. Fiscal year 2001 includes an allocation of losses for minority interest in
PETsMART.com of $2,296,000.
(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, and includes the square footage used by the veterinary hospitals.
(5) Net sales per square foot are calculated by dividing net sales, excluding catalog and Internet sales, by
average square footage. Catalog and Internet sales for Ñscal 2003, 2002, 2001, 2000, and 1999 were
$54,400,000, $64,216,000, $110,889,000, $96,042,000, and $106,403,000, respectively. Net sales per
square foot may be considered a ""non-GAAP Ñnancial measure'' as deÑned in Item 10(e) of
Regulation S-K. Management believes that this presentation provides useful information to investors
regarding the results of operations of its stores.
(6) North American retail stores only, excludes catalog and Internet sales in all periods, and includes only
stores open at least 52 weeks. Fiscal 2001 data has been adjusted to reÖect 52 weeks of the 53-week Ñscal
year.
(7) 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.
(8) Includes capital lease obligations.
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