FL » Topics » Store Pre-Opening and Closing Costs

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

Store Pre-Opening and Closing Costs

     Store pre-opening costs are charged to expense as incurred. In the event a store is closed before its lease has expired, the estimated post-closing lease exit costs, less the sublease rental income, is provided for once the store ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs Associated with Exit or Disposal Activities.”

Store Pre-Opening and Closing
Costs


     Store pre-opening costs are charged to expense as incurred. In the event
a store is closed before its lease has expired, the estimated post-closing lease
exit costs, less the sublease rental income, is provided for once the store
ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs
Associated with Exit or Disposal Activities.”


Store Pre-Opening and Closing
Costs


     Store pre-opening costs are charged to expense as incurred. In the event
a store is closed before its lease has expired, the estimated post-closing lease
exit costs, less the sublease rental income, is provided for once the store
ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs
Associated with Exit or Disposal Activities.”


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

Store Pre-Opening and Closing Costs

     Store pre-opening costs are charged to expense as incurred. In the event a store is closed before its lease has expired, the estimated post-closing lease exit costs, less the sublease rental income, is provided for once the store ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs Associated with Exit or Disposal Activities.”

Store Pre-Opening and Closing
Costs


     Store pre-opening costs are charged to expense as incurred. In the event
a store is closed before its lease has expired, the estimated post-closing lease
exit costs, less the sublease rental income, is provided for once the store
ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs
Associated with Exit or Disposal Activities.”


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

Store Pre-Opening and Closing Costs

     Store pre-opening costs are charged to expense as incurred. In the event a store is closed before its lease has expired, the estimated post-closing lease exit costs, less the sublease rental income, is provided for once the store ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs Associated with Exit or Disposal Activities.”

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

Store Pre-Opening and Closing Costs

Store pre-opening costs are charged to expense as incurred. In the event a store is closed before its lease has expired, the estimated post-closing lease exit costs, less the fair market value of sublease rental income, is provided for once the store ceases to be used, in accordance with SFAS No. 146, “Accounting for Costs Associated with Exit or Disposal Activities.”

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