Big Lots 2015 Annual Report Download - page 91
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14
The following table summarizes the number of store lease expirations in each of the next five fiscal years and the total
thereafter. As stated above, many of our store leases have renewal options. The table also 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 18 month-to-month leases and 55 owned locations.
Fiscal Year:
Expiring
Leases
Leases
Without
Options
2016 266 62
2017 228 41
2018 265 47
2019 223 6
2020 232 11
Thereafter 167 15
Warehouse and Distribution
At January 30, 2016, we owned approximately 9.0 million square feet of distribution center and warehouse space. We own and
operate five regional distribution centers strategically located across the United States in Ohio, California, Alabama, Oklahoma,
and Pennsylvania. The regional distribution centers utilize warehouse management technology, which we believe enables high
accuracy and efficient processing of merchandise from vendors to our retail stores. The combined output of our regional
distribution centers was approximately 2.6 million merchandise cartons per week in 2015. Certain vendors deliver
merchandise directly to our stores when it supports our operational goal to deliver merchandise from our vendors to the sales
floor in the most efficient manner.
The number of owned distribution centers and warehouse space and the corresponding square footage of the facilities by state
at January 30, 2016, were as follows:
Square Footage
State Owned Leased Total Owned Leased Total
(Square footage in thousands)
Ohio 1 — 1 3,559 — 3,559
California 1 — 1 1,423 — 1,423
Alabama 1 — 1 1,411 — 1,411
Oklahoma 1 — 1 1,297 — 1,297
Pennsylvania 1 — 1 1,295 — 1,295
Total 5 — 5 8,985 — 8,985
Corporate Office
We own the facility in Columbus, Ohio that serves as our general office for corporate associates.
Item 3. Legal Proceedings
Item 103 of SEC Regulation S-K requires that we disclose actual or known contemplated legal proceedings to which a
governmental authority and we are each a party and that arise under laws dealing with the discharge of materials into the
environment or the protection of the environment, if the proceeding reasonably involves potential monetary sanctions of
$100,000 or more. Accordingly, please refer to the discussion in note 10 to the accompanying consolidated financial statements
regarding the subpoena we received from the District Attorney for the County of Alameda, State of California and the matter
regarding the California Air Resources Board.
Aside from these matters, no response is required under Item 103 of Regulation S-K. For a discussion of certain litigated
matters, also see note 10 to the accompanying consolidated financial statements