Big Lots 2007 Annual Report Download - page 100

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12
The following table summarizes the number of store lease expirations in each of the next five fiscal years
and the total thereafter. In addition, as stated above, many of our store leases have renewal options. The table
includes the number of leases that are scheduled to expire each year that do not have a renewal option. The
information includes stores with more than one lease and leases for stores not yet open. It excludes 11 month-to-
month leases and 52 owned locations.
Fiscal Year:
Expiring
Leases
Leases
Without
Options
2008 ...................................... 237 36
2009 ...................................... 272 43
2010 ....................................... 238 35
2011 ....................................... 211 27
2012 ....................................... 176 14
Thereafter .................................. 169 13
Warehouse and Distribution
At February 2, 2008, we operated five regional closeout distribution centers and two furniture distribution
centers strategically placed across the United States totaling approximately 10.2 million square feet. Our
regional closeout distribution centers are owned and located in Ohio, California, Alabama, Oklahoma, and
Pennsylvania. Our two furniture distribution centers are located in Ohio (owned) and California (leased). In
addition to these merchandise distribution centers, we own or lease warehouses in Ohio and California that
distribute store fixtures and supplies. The regional closeout distribution centers utilize advanced warehouse
management technology, which enables high accuracy and efficient processing of merchandise from vendors
to our retail stores. The combined output of our merchandise distribution facilities was approximately 2.6
million cartons per week in 2007. Certain vendors deliver merchandise directly to our stores. We attempt to get
merchandise from our vendors to the sales floor in the most effective manner.
The number of owned and leased warehouse and distribution facilities and the corresponding square footage of
the facilities by state at February 2, 2008, were as follows:
Square Footage
State Owned Leased Tota l Owned Leased Tot al
(Square footage in thousands)
Ohio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 4 3,559 731 4,290
California . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 2 1,423 467 1,890
Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — 1 1,411 — 1,411
Oklahoma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — 1 1,297 — 1,297
Pennsylvania . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 — 1 1,295 — 1,295
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 3 9 8,985 1,198 10,183
Corporate Office
We own the facility in Columbus, Ohio that serves as our general office for corporate associates.
ITEM 3. LEGAL PROCEEDINGS
No response is required under Item 103 of Regulation S-K. For a discussion of certain litigated matters, please
refer to note 10 to the accompanying consolidated financial statements.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.