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EXCEL - IDEA: XBRL DOCUMENT - Gordmans Stores, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Gordmans Stores, Inc.d416572d10q.htm
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v2.4.0.6
LEASES
9 Months Ended
Oct. 27, 2012
LEASES

E. LEASES

The Company has entered into short and long term capital and operating lease agreements. These leases relate to retail store locations, the distribution centers and the corporate headquarters. The leases expire on various dates through the year 2028 with most of the leases containing renewal options. Certain retail store leases contain provisions for additional rent based on varying percentages of net sales.

Future minimum lease payments under operating leases and future obligations under non-cancelable capital leases as of October 27, 2012 are as follows:

 

     Operating
Leases
     Capital
Leases
 

Remainder of 2012

   $ 10,807       $ 115   

2013

     44,683         190   

2014

     41,838         —     

2015

     35,614         —     

2016

     27,870         —     

After 2016

     113,268         —     
  

 

 

    

 

 

 

Total minimum lease payments

   $ 274,080         305   
  

 

 

    

Less: capital lease amount representing interest

        (4
     

 

 

 

Present value of minimum lease payments

        301   

Less: current maturities of capital lease obligations

        (301
     

 

 

 

Noncurrent maturities of capital lease obligations

      $ —