Starbucks 2011 Annual Report Download - page 70

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We have subleases related to certain of our operating leases. During fiscal 2011, 2010, and 2009, we recognized
sublease income of $13.7 million, $10.9 million, and $7.1 million, respectively.
We had capital lease obligations of $1.4 million and $2.6 million as of October 2, 2011 and October 3, 2010,
respectively. Capital lease obligations expire at various dates, with the latest maturity in 2014. The current portion of
the total obligation is included in other accrued liabilities and the remaining long-term portion is included in other
long-term liabilities on the consolidated balance sheets. Assets held under capital leases are included in net property,
plant and equipment on the consolidated balance sheets.
Note 11: Shareholders’ Equity
In addition to 1.2 billion shares of authorized common stock with $0.001 par value per share, we have authorized
7.5 million shares of preferred stock, none of which was outstanding at October 2, 2011.
Share repurchase activity (in millions, except for average price data):
Fiscal Year Ended Oct 2, 2011 Oct 3, 2010
Numberofsharesacquired ......................................... 15.6 11.2
Averagepricepershareofacquiredshares ............................. $35.53 $25.53
Totalcostofacquiredshares ........................................ $555.9 $285.6
As of October 2, 2011, 24.4 million shares remained available for repurchase under the current authorization. On
November 3, 2011, we announced an additional share repurchase authorization made by the Board of Directors of
up to 20 million shares in addition to the 4.4 million shares remaining under the previous program.
During fiscal years 2011 and 2010, our Board of Directors declared the following dividends (in millions, except per
share amounts):
Dividend Per Share Record date Total Amount Payment Date
Fiscal Year 2011:
Firstquarter ....... $0.13 February 9, 2011 $ 97.4 February 25, 2011
Secondquarter ..... $0.13 May 11, 2011 $ 97.8 May 27, 2011
Thirdquarter....... $0.13 August 10, 2011 $ 97.4 August 26, 2011
Fourthquarter ...... $0.17 November 17, 2011 $126.6 December 2, 2011
Fiscal Year 2010(1):
Secondquarter ..... $0.10 April 7, 2010 $ 74.8 April 23, 2010
Thirdquarter....... $0.13 August 4, 2010 $ 96.2 August 20, 2010
Fourthquarter ...... $0.13 November 18, 2010 $ 96.9 December 3, 2010
(1) The Starbucks Board of Directors approved the initiation of a cash dividend to shareholders beginning in the
second quarter of fiscal 2010.
Comprehensive Income
Comprehensive income includes all changes in equity during the period, except those resulting from transactions
with our shareholders. Comprehensive income is comprised of net earnings and other comprehensive income.
Accumulated other comprehensive income reported on our consolidated balance sheets consists of foreign currency
translation adjustments and the unrealized gains and losses, net of applicable taxes, on available-for-sale securities
and on derivative instruments designated and qualifying as cash flow and net investment hedges.
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