This excerpt taken from the SBUX 10-K filed Dec 14, 2006.
Note 12: Leases
Rental expense under operating lease agreements was as follows (in thousands):
Minimum future rental payments under noncancelable operating lease obligations as of October 1, 2006, are as follows (in thousands):
The Company has subleases related to certain of its operating lease agreements. During fiscal 2006, 2005 and 2004, the Company recognized sublease income of $5.7 million, $4.3 million and $4.0 million, respectively.
The Company had capital lease obligations of $4.1 million and $2.6 million as of October 1, 2006 and October 2, 2005, respectively. As of October 1, 2006, the current portion of the total obligation was $1.7 million and was included in Other accrued expenses and the remaining long-term portion of $2.4 million was included in Other long-term liabilities on the consolidated balance sheet. Capital lease obligations expire at various dates, with the latest maturity in 2020. Assets held under capital leases are included in Property, plant and equipment, net, on the consolidated balance sheets.