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This excerpt taken from the ROST 10-Q filed Jun 10, 2009. Lease accounting. When a lease
contains “rent holidays” or requires fixed escalations of the minimum lease
payments, we record rental expense on a straight-line basis over the term of the
lease and the difference between the average rental amount charged to expense
and the amount payable under the lease is recorded as deferred rent. We amortize
deferred rent on a straight-line basis over the lease term commencing on the
possession date. Tenant improvement allowances are included in other long-term
liabilities and are amortized over the lease term. Tenant improvement allowances
are included as a component of operating cash flows in the Condensed
Consolidated Statements of Cash Flows.
These excerpts taken from the ROST 10-K filed Mar 31, 2009. Lease accounting.
When a lease contains “rent holidays” or
requires fixed escalations of the minimum lease payments, we record rental
expense on a straight-line basis over the term of the lease and the difference
between the average rental amount charged to expense and the amount payable
under the lease is recorded as deferred rent. We amortize deferred rent on a
straight-line basis over the lease term commencing on the possession date.
Tenant improvement allowances are included in other long-term liabilities and
are amortized over the lease term. Tenant improvement allowances are included as
a component of operating cash flows in the consolidated Statements of Cash
Flows.
24 Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, we record rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. We amortize deferred rent on a straight-line basis over the lease term commencing on the possession date. Tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term. Tenant improvement allowances are included as a component of operating cash flows in the consolidated Statements of Cash Flows. 24 | |||||||||||||||||||||||||||||||
Lease
accounting. When a lease contains “rent
holidays” or requires fixed escalations of the minimum lease payments, the
Company records rental expense on a straight-line basis over the term of the
lease and the difference between the average rental amount charged to expense
and the amount payable under the lease is recorded as deferred rent. The Company
amortizes deferred rent on a straight-line basis over the lease term commencing
on the possession date. As of January 31, 2009 and February 2, 2008, the balance
of deferred rent was $57.4 million and $55.7 million, respectively, and is
included in other long-term liabilities. Tenant improvement allowances are
included in other long-term liabilities and are amortized over the lease term.
Changes in tenant improvement allowances are included as a component of
operating activities in the consolidated statements of cash flows.
Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, the Company records rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. The Company amortizes deferred rent on a straight-line basis over the lease term commencing on the possession date. As of January 31, 2009 and February 2, 2008, the balance of deferred rent was $57.4 million and $55.7 million, respectively, and is included in other long-term liabilities. Tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term. Changes in tenant improvement allowances are included as a component of operating activities in the consolidated statements of cash flows. This excerpt taken from the ROST 10-Q filed Dec 10, 2008. Lease accounting.
When a lease contains “rent holidays” or
requires fixed escalations of the minimum lease payments, we record rental
expense on a straight-line basis over the term of the lease and the difference
between the average rental amount charged to expense and the amount payable
under the lease is recorded as deferred rent. We amortize deferred rent on a
straight-line basis over the lease term commencing on the possession date.
Tenant improvement allowances are included in other long-term liabilities and
are amortized over the lease term. Tenant improvement allowances are included as
a component of operating cash flows in the Condensed Consolidated Statements of
Cash Flows.
This excerpt taken from the ROST 10-Q filed Sep 10, 2008. Lease accounting.
When a lease contains “rent holidays” or requires
fixed escalations of the minimum lease payments, we record rental expense on a
straight-line basis over the term of the lease and the difference between the
average rental amount charged to expense and the amount payable under the lease
is recorded as deferred rent. We amortize deferred rent on a straight-line basis
over the lease term commencing on the possession date. Tenant improvement
allowances are included in other long-term liabilities and are amortized over
the lease term. Tenant improvement allowances are included as a component of
operating cash flows in the Condensed Consolidated Statements of Cash
Flows.
This excerpt taken from the ROST 10-Q filed Jun 11, 2008. Lease accounting.
When a lease contains “rent holidays” or requires
fixed escalations of the minimum lease payments, we record rental expense on a
straight-line basis over the term of the lease and the difference between the
average rental amount charged to expense and the amount payable under the lease
is recorded as deferred rent. We amortize deferred rent on a straight-line basis
over the lease term commencing on the possession date. Tenant improvement
allowances are included in other long-term liabilities and are amortized over
the lease term. Tenant improvement allowances are included as a component of
operating cash flows in the Condensed Consolidated Statements of Cash
Flows.
These excerpts taken from the ROST 10-K filed Apr 1, 2008. Lease
accounting. When a lease contains “rent
holidays” or requires fixed escalations of the minimum lease payments, the
Company records rental expense on a straight-line basis over the term of the
lease and the difference between the average rental amount charged to expense
and the amount payable under the lease is recorded as deferred rent. The Company
amortizes deferred rent on a straight-line basis over the lease term commencing
on the possession date. As of February 2, 2008 and February 3, 2007, the balance
of deferred rent was $55.7 million and $47.2 million, respectively, and is
included in other long-term liabilities. Tenant improvement allowances are
included in other long-term liabilities and are amortized over the lease term.
Changes in tenant improvement allowances are included as a component of
operating activities in the consolidated statement of cash flows.
Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, the Company records rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. The Company amortizes deferred rent on a straight-line basis over the lease term commencing on the possession date. As of February 2, 2008 and February 3, 2007, the balance of deferred rent was $55.7 million and $47.2 million, respectively, and is included in other long-term liabilities. Tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term. Changes in tenant improvement allowances are included as a component of operating activities in the consolidated statement of cash flows. This excerpt taken from the ROST 10-Q filed Dec 12, 2007. Lease accounting.
When a lease contains “rent holidays” or
requires fixed escalations of the minimum lease payments, we record rental
expense on a straight-line basis and the difference between the average rental
amount charged to expense and the amount payable under the lease is recorded as
deferred rent. We amortize deferred rent on a straight-line basis over the lease
term commencing on the possession date. Tenant improvement allowances are
included in other long-term liabilities and are amortized over the lease term.
Tenant improvement allowances are included as a component of operating cash
flows in the Condensed Consolidated Statement of Cash Flows.
This excerpt taken from the ROST 10-Q filed Sep 12, 2007. Lease accounting. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, we record rental expense on a straight-line basis and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. We amortize deferred rent on a straight-line basis over the lease term commencing on the possession date. Tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term. Tenant improvement allowances are included as a component of operating cash flows in the consolidated Statement of Cash Flows.
This excerpt taken from the ROST 10-Q filed Jun 13, 2007. Lease accounting. Beginning in the first quarter of 2006, we implemented prospectively FASB Staff Position (“FSP”) 13-1, “Accounting for Rental Costs Incurred During a Construction Period,” which requires that rental costs incurred during a construction period be expensed, not capitalized. Implementation of this new standard did not have a significant impact on our financial results for the year ended February 3, 2007. When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, we record rental expense on a straight-line basis and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. We amortize deferred rent on a straight-line basis over the lease term commencing on the possession date. Tenant improvement allowances are included in other long-term liabilities and
are amortized over the lease term. Tenant improvement allowances are included as a component of operating cash flows in the consolidated Statement of Cash Flows.
18 This excerpt taken from the ROST 10-K filed Apr 3, 2007. Lease accounting. Upon adoption in the first quarter of fiscal 2006, the Company implemented prospectively the Financial Accounting Standards Board (“FASB”) Staff Position (“FSP”) 13-1, “Accounting for Rental Costs Incurred During a Construction Period,” which requires that rental costs incurred during a construction period be expensed, not capitalized. Implementation of this new standard did not have a significant impact on the Company’s financial results in fiscal year 2006.
32 When a lease contains “rent holidays” or requires fixed escalations of the minimum lease payments, the Company records rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. The Company amortizes deferred rent on a straight-line basis over the lease term commencing on the possession date. As of February 3, 2007 and January 28, 2006, the balance of deferred rent was $49.8 million and $47.1 million, respectively, and is included in other long-term liabilities. Tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term. Changes in tenant improvement allowances are included as a component of operating activities in the consolidated statements of cash flows. | EXCERPTS ON THIS PAGE:
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