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Leases And Rental Expense
 12 Months Ended
Sep. 24, 2011
Leases And Rental Expense [Abstract]  
Leases And Rental Expense

4. Leases and Rental Expense

 

The Company conducts part of its retail operations from leased facilities. The initial terms of the leases are generally 20 years. The majority of the leases include one or more renewal options and provide that the Company pay property taxes, utilities, repairs and certain other costs incidental to occupation of the premises. Several leases contain clauses calling for percentage rentals based upon gross sales of the supermarket occupying the leased space. The Company also leases a portion of its equipment under operating leases, including leases derived from sale/leaseback transactions, with initial terms of three to five years. Step rent provisions, escalation clauses, capital improvements and other lease concessions are taken into account in computing minimum lease payments, which are recognized on a straight-line basis over the minimum lease term.

 

Operating Leases—Rent expense for all operating leases of $15.0 million, $15.8 million and $15.4 million for fiscal years 2011, 2010 and 2009, respectively, is included in operating and administrative expenses. Sub-lease rental income of $0.2 million, $0.6 million and $0.9 million for fiscal years 2011, 2010 and 2009, respectively, is included as a reduction of rental expense.

 

The components of aggregate minimum rental commitments under non-cancelable operating leases as of September 24, 2011 are as follows:

Fiscal Year

    Minimum
Rental
Commitment		      Sub-Lease
Income		     Net
Rental
Commitment		  

2012

    $ 13,854,262       $ (195,000 )    $ 13,659,262   

2013

      12,360,855         (211,000 )      12,149,855   

2014

      10,762,150         (219,000 )      10,543,150   

2015

      9,674,731         —          9,674,731   

2016

      8,560,047         —          8,560,047   

Thereafter

      64,421,955         —          64,421,955   
  

 

 

     

 

 

    

 

 

  

Total minimum future rental commitments

    $ 119,634,000       $ (625,000 )    $ 119,009,000