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EX-32.1 - CERTIFICATION - Francesca's Holdings CORPv327590_ex32-1.htm
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v2.4.0.6
Commitment and Contingencies
9 Months Ended
Oct. 27, 2012
Commitments and Contingencies Disclosure [Abstract]  
Commitment and Contingencies
7. Commitment and Contingencies

 

Operating Leases

 

The Company leases boutique space and office space under operating leases expiring in various years through the fiscal year ending 2023. Certain of the leases provide that the Company may cancel the lease, with penalties as defined in the lease, if the Company’s boutique sales at that location fall below an established level. Certain leases provide for additional rent payments to be made when sales exceed a base amount. Certain operating leases provide for renewal options for periods from three to five years at their fair rental value at the time of renewal.

 

Minimum future rental payments under non-cancellable operating leases as of October 27, 2012, are approximately as follows:

 

       

Fiscal year

 

Amount

 
    (In thousands)  
Remainder of 2012   $5,482  
2013     23,306  
2014     22,665  
2015     21,916  
2016     21,022  
Thereafter     84,259  
         
    $ 178,650  

 

Legal Proceedings

 

From time to time, the Company is subject to various claims and legal proceedings arising in the ordinary course of business. While the outcome of any such claim cannot be predicted with certainty, in the opinion of management, the outcome of these matters will not have a material adverse effect on the Company’s business, results of operations or financial conditions.