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FL » Topics » Accounting for Leases

These excerpts taken from the FL 10-K filed Mar 30, 2009.

Accounting for Leases

     The Company recognizes rent expense for operating leases as of the possession date for store leases or the commencement of the agreement for a non-store lease. Rental expense, inclusive of rent holidays, concessions and tenant allowances are recognized over the lease term on a straight-line basis. Contingent payments based upon sales and future increases determined by inflation related indices cannot be estimated at the inception of the lease and accordingly, are charged to operations as incurred.

37

Accounting for
Leases


     The
Company recognizes rent expense for operating leases as of the possession date
for store leases or the commencement of the agreement for a non-store lease.
Rental expense, inclusive of rent holidays, concessions and tenant allowances
are recognized over the lease term on a straight-line basis. Contingent payments
based upon sales and future increases determined by inflation related indices
cannot be estimated at the inception of the lease and accordingly, are charged
to operations as incurred.


37




Accounting for
Leases


     The
Company recognizes rent expense for operating leases as of the possession date
for store leases or the commencement of the agreement for a non-store lease.
Rental expense, inclusive of rent holidays, concessions and tenant allowances
are recognized over the lease term on a straight-line basis. Contingent payments
based upon sales and future increases determined by inflation related indices
cannot be estimated at the inception of the lease and accordingly, are charged
to operations as incurred.


37




These excerpts taken from the FL 10-K filed Mar 31, 2008.

Accounting for Leases

     The Company recognizes rent expense for operating leases as of the possession date for store leases or the commencement of the agreement for a non-store lease. Rental expense, inclusive of rent holidays, concessions and tenant allowances are recognized over the lease term on a straight-line basis. Contingent payments based upon sales and future increases determined by inflation related indices cannot be estimated at the inception of the lease and accordingly, are charged to operations as incurred.

Accounting for
Leases


     The
Company recognizes rent expense for operating leases as of the possession date
for store leases or the commencement of the agreement for a non-store lease.
Rental expense, inclusive of rent holidays, concessions and tenant allowances
are recognized over the lease term on a straight-line basis. Contingent payments
based upon sales and future increases determined by inflation related indices
cannot be estimated at the inception of the lease and accordingly, are charged
to operations as incurred.


This excerpt taken from the FL 10-K filed Apr 2, 2007.

Accounting for Leases

     The Company recognizes rent expense for operating leases as of the possession date for store leases or the commencement of the agreement for a non-store lease. Rental expense, inclusive of rent holidays, concessions and tenant allowances are recognized over the lease term on a straight-line basis. Contingent payments based upon sales and future increases determined by inflation related indices cannot be estimated at the inception of the lease and accordingly, are charged to operations as incurred.

36

This excerpt taken from the FL 10-K filed Mar 29, 2005.

Accounting for Leases

The Company recognizes rent expense for operating leases as of the earlier of possession date for store leases or the commencement of the agreement for a non-store lease. Rental expense, inclusive of rent holidays, concessions and tenant allowances are recognized over the lease term on a straight-line basis. Contingent payments based upon sales and future increases determined by inflation related indices cannot be estimated at the inception of the lease and accordingly, are charged to operations as incurred.

EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 30, 2009
10-K (2 sections)
Mar 31, 2008
10-K
Apr 2, 2007
10-K
Mar 29, 2005

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