FUN » Topics » (10) Operating Lease Commitments and Contingencies:

These excerpts taken from the FUN 10-K filed Mar 2, 2009.

(10) Operating Lease Commitments and Contingencies:

The Partnership has commitments under various operating leases at its parks. Minimum lease payments under non-cancelable operating leases as of December 31, 2008 are as follows (in thousands):

 

2009

   $ 6,712

2010

     6,141

2011

     5,776

2012

     5,490

2013

     5,403

Thereafter

     22,300
      
   $   51,822
      

Lease expense, which includes short-term rentals for equipment and machinery, for 2008, 2007, and 2006 totaled $10,117,000, $10,320,000 and $7,627,000, respectively.

 

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The Partnership is also a party to a number of lawsuits arising in the normal course of business. In the opinion of management, these matters will not have a material effect in the aggregate on the Partnership’s financial statements.

(10) Operating Lease Commitments
and Contingencies:

The Partnership has commitments under various operating leases at its parks. Minimum lease payments under non-cancelable operating
leases as of December 31, 2008 are as follows (in thousands):

 






















































2009

  $ 6,712

2010

   6,141

2011

   5,776

2012

   5,490

2013

   5,403

Thereafter

   22,300
    
  $  51,822
    

Lease expense, which includes short-term rentals for equipment and machinery, for 2008, 2007, and 2006 totaled
$10,117,000, $10,320,000 and $7,627,000, respectively.

 


44







Table of Contents


The Partnership is also a party to a number of lawsuits arising in the normal course of business. In the opinion of
management, these matters will not have a material effect in the aggregate on the Partnership’s financial statements.

These excerpts taken from the FUN 10-K filed Feb 29, 2008.

(10) Operating Lease Commitments and Contingencies:

The Partnership has commitments under various operating leases at its parks. Minimum lease payments under non-cancelable operating leases as of December 31, 2007 are as follows:

 

2008

   $ 6,864

2009

     6,161

2010

     5,822

2011

     5,599

2012

     5,341

Thereafter

     27,631
      
   $   57,418
      

Lease expense, which includes short-term rentals for equipment and machinery, for 2007, 2006, and 2005 totaled $10,320,000, $7,627,000 and $3,930,000, respectively. The increase in expense in 2006 and 2007 is attributable to operating the PPI parks for six months in 2006 and for twelve months in 2007.

The Partnership is also a party to a number of lawsuits arising in the normal course of business. In the opinion of management, these matters will not have a material effect in the aggregate on the Partnership’s financial statements.

(10) Operating Lease Commitments and Contingencies:

FACE="Times New Roman" SIZE="2">The Partnership has commitments under various operating leases at its parks. Minimum lease payments under non-cancelable operating leases as of December 31, 2007 are as follows:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






















































2008

  $ 6,864

2009

   6,161

2010

   5,822

2011

   5,599

2012

   5,341

Thereafter

   27,631
    
  $  57,418
    

Lease expense, which includes short-term rentals for equipment and machinery, for 2007, 2006, and 2005 totaled
$10,320,000, $7,627,000 and $3,930,000, respectively. The increase in expense in 2006 and 2007 is attributable to operating the PPI parks for six months in 2006 and for twelve months in 2007.

STYLE="margin-top:12px;margin-bottom:0px">The Partnership is also a party to a number of lawsuits arising in the normal course of business. In the opinion of management, these matters will not have a material
effect in the aggregate on the Partnership’s financial statements.

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