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Leases And Rental Expense
12 Months Ended
Sep. 27, 2014
Leases And Rental Expense [Abstract]  
Leases And Rental Expense

5. 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.  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 $14.1 million, $14.4 million and $14.2 million for fiscal years 2014,  2013 and 2012, respectively, is included in operating and administrative expenses. Sub-lease rental income of $0.2 million for each of fiscal years 2014, 2013 and 2012, is included as a reduction of rental expense. 

 

The components of aggregate minimum rental commitments under non-cancelable operating leases as of September 27,  2014 are as follows:

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2015

 

$

11,733,813 

2016

 

 

10,771,402 

2017

 

 

10,339,177 

2018

 

 

8,769,561 

2019

 

 

7,675,403 

Thereafter

 

 

39,323,619 

Total minimum future rental commitments

 

$

88,612,975