|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the FL 10-K filed Mar 30, 2009. Footaction — Footaction is a
national athletic footwear and apparel retailer. The primary customers are young
urban males that seek street-inspired fashion styles. Its 335 stores are located
throughout the United States and Puerto Rico and focus on marquee allocated
footwear and branded apparel. The Footaction stores have an average of 2,900
selling square feet.
Footaction — Footaction is a national athletic footwear and apparel retailer. The primary customers are young urban males that seek street-inspired fashion styles. Its 335 stores are located throughout the United States and Puerto Rico and focus on marquee allocated footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet.
Footaction — Footaction is a national athletic footwear and apparel retailer. The primary customers are young urban males that seek street-inspired fashion styles. Its 335 stores are located throughout the United States and Puerto Rico and focus on marquee allocated footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet.
This excerpt taken from the FL 8-K filed May 21, 2008. Footaction” (including the stock of any Subsidiary through which any such operations are conducted and the tangible and intangible assets held by any such Subsidiary) and “ These excerpts taken from the FL 10-K filed Mar 31, 2008. Footaction — Footaction is a
national athletic footwear and apparel retailer. The primary customers are young
urban males that seek street-inspired fashion styles. Its 356 stores are located
throughout the United States and Puerto Rico and focus on marquee allocated
footwear and branded apparel. The Footaction stores have an average of 2,900
selling square feet.
Footaction — Footaction is a national athletic footwear and apparel retailer. The primary customers are young urban males that seek street-inspired fashion styles. Its 356 stores are located throughout the United States and Puerto Rico and focus on marquee allocated footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet.
This excerpt taken from the FL 10-K filed Apr 2, 2007. Footaction — Footaction is a national athletic footwear and apparel retailer. The primary customers are young urban males that seek street-inspired fashion styles. Its 373 stores are located throughout the United States and Puerto Rico and focus on marquee allocated footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet.
This excerpt taken from the FL 10-K filed Mar 29, 2005. Footaction The Company consummated its purchase of 349
Footaction stores from Footstar, Inc. on May 7, 2004. Footstar, Inc. filed for Chapter 11 bankruptcy protection on March 2, 2004; consequently, the
disposition of its Footaction stores was conducted under a Bankruptcy Code Section 363 sale process. The U.S. Bankruptcy Court approved the sale on
April 21, 2004 and the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on May 4, 2004. The agreement to
acquire the Footaction stores was in line with the Company’s strategic priorities, including the acquisition of compatible athletic footwear and
apparel retail companies. The Company’s consolidated results of operations include those of Footaction beginning with the date that the
acquisition was consummated.
The Company integrated the Footaction business into
the Athletic Stores segment and is operating the majority of the stores under the Footaction name. The purchase price of $222 million was increased for
direct costs related to the acquisition totaling $4 million. Direct costs include investment banking, legal and accounting fees and other costs. The
Company has allocated the purchase price of approximately $226 million based, in part, upon internal estimates of cash flows, recoverability and
independent appraisals, and may be revised as more definitive facts and evidence become available. Pro forma effects of the acquisition have not been
presented, as their effects were not significant to the consolidated results of operations. The allocation of the purchase price is detailed
below:
32 In accordance with the purchase agreement, $13.7
million of the purchase price was deposited into an escrow account pending resolution of 15 lease related issues. During 2004, 12 of the issues were
resolved and $9.1 million was released from escrow to the seller and $2.2 million was returned to the Company. Accordingly, this reduced the purchase
price and goodwill by $2.2 million and as of January 29, 2005, $2.4 million remained in escrow.
| EXCERPTS ON THIS PAGE:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
