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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 2, 2013, March 3, 2012 and February 26, 2011
(In thousands, except per share amounts)
12. Leases (Continued)
The net book values of assets under capital leases and sale-leasebacks accounted for under the
financing method at March 2, 2013 and March 3, 2012 are summarized as follows:
2013 2012
Land......................................... $ 6,692 $ 6,695
Buildings ...................................... 137,206 142,483
Leasehold improvements ........................... 1,691 1,236
Equipment ..................................... 21,316 19,261
Accumulated depreciation .......................... (103,381) (100,300)
$ 63,524 $ 69,375
Following is a summary of lease finance obligations at March 2, 2013 and March 3, 2012:
2013 2012
Obligations under financing leases ..................... $107,308 $119,108
Sale-leaseback obligations ........................... 7,876 7,876
Less current obligation ............................. (23,334) (19,977)
Long-term lease finance obligations .................... $ 91,850 $107,007
Following are the minimum lease payments for all properties under a lease agreement that will
have to be made in each of the years indicated based on non-cancelable leases in effect as of March 2,
2013:
Lease Financing Operating
Fiscal year Obligations Leases
2014 ...................................... $ 32,992 $ 997,548
2015 ...................................... 21,543 959,376
2016 ...................................... 21,459 905,031
2017 ...................................... 19,575 838,639
2018 ...................................... 13,674 751,161
Later years ................................. 45,949 3,820,698
Total minimum lease payments ................... 155,192 $8,272,453
Amount representing interest .................... (40,008)
Present value of minimum lease payments ........... $115,184
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