Renovation
A capital investment in a store resulting in no change to the store square footage.
Retail sales
Combined sales of stores owned by the Company and those owned by the Company’s independent franchisees.
Retail square footage
Retail square footage includes corporate and independent franchised stores.
Return on average total assets
Operating income divided by average total assets excluding cash, cash equivalents and short term investments (see Non-GAAP Financial Measures – 51 KB PDF).
Return on average shareholders’ equity
Net (loss) earnings available to common shareholders divided by average total common shareholders’ equity.
Sales excluding the impact of VIEs
Total sales less sales attributable to the consolidation of VIEs pursuant to AcG 15 (see Non-GAAP Financial Measures – 51 KB PDF).
Same-store sales
Retail sales from the same physical location for stores in operation in that location in both periods being compared but excluding sales from a store that has undergone a conversion or major expansion in the period.
Variable interest entity (“VIE”)
An entity that either does not have sufficient equity at risk to finance its activities without subordinated financial support or where the holders of the equity at risk lack the characteristics of a controlling financial interest (see Note 2 to the consolidated financial statements).
Weighted average common shares outstanding
The number of common shares outstanding determined by relating the portion of time within the year the common shares were outstanding to the total time in that year.
Working capital
Total current assets less total current liabilities.
Year
A fiscal year ends on the Saturday closest to December 31, usually 52 weeks in duration, but includes 53 weeks every 5 to 6 years. The year ended January 3, 2004 contained 53 weeks.