Starbucks 1999 Annual Report Download - page 22

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Minimum future rental payments under non-cancelable lease obligations as of October 3, 1999,
are as follows (in thousands):
Fiscal year ending
2000 $ 98,515
2001 99,459
2002 99,133
2003 95,827
2004 90,405
Thereafter 321,941
Total minimum lease payments $ 805,280
NOTE 10: SHAREHOLDERS’ EQUITY
The Company has authorized 7,500,000 shares of its preferred stock, none of which was
outstanding at October 3, 1999.
 
The Company adopted SFAS No. 130, “Reporting Comprehensive Income,” as of the first quarter
of fiscal 1999. Comprehensive income includes all changes in equity during the period, except
those resulting from transactions with shareholders of the Company. It has two components: net
income and other comprehensive income. Accumulated other comprehensive income (loss)
reported on the Company’s consolidated balance sheets consists of foreign currency translation
adjustments and the unrealized gains and losses, net of applicable taxes, on available-for-sale
securities. Comprehensive income, net of related tax effects, is as follows (in thousands):
Fiscal year ended  ,   ,   , 
Net earnings $ 101,693 $ 68,372 $ 55,211
Unrealized holding gains (losses) on
investments, net of tax (provision)
benefit of ($155), $373 and $1,242
in 1999, 1998 and 1997, respectively 252 (595) (1,983)
Reclassification adjustment for losses
realized in net income, net of tax benefit
of $270 431 – –
Net unrealized gain (loss) 683 (595) (1,983)
Translation adjustment 2,534 (5,120) (832)
Total comprehensive income $ 104,910 $ 62,657 $ 52,396
.  STARBUCKS COFFEE COMPANY