Leases

The Company leases all but three of its store locations with original, non-cancelable terms that in general range from three to ten years. Store leases typically contain provisions for three to four renewal options of five years each. Most store leases also provide for minimum annual rentals and for payment of certain expenses. In addition, some store leases also have provisions for additional rent based on a percentage of sales.

The Company leases three warehouses. Two of the warehouses are in Carlisle, Pennsylvania with leases expiring in 2016 and 2017. The third warehouse is in Fort Mill, South Carolina, with a lease expiring in 2016. The leases for all three warehouses contain renewal provisions.

The Company leases a 10-acre parcel for trailer parking adjacent to its Perris, California distribution center, that expires in 2017 and a 20-acre facility located in Moreno Valley, California primarily for ancillary truck and trailer parking that expires in 2015. Both of these leases contain renewal provisions.

The Company leases approximately 192,000 square feet of office space for its former headquarters in Pleasanton, California, under several facility leases the majority of which expire in June 2014. The term for the remaining space of approximately 11,000 square feet expires in March 2015. The Company does not plan to renew any of these leases.

The Company leases approximately 411,000 and 52,000, square feet of office space for its New York City and Los Angeles buying offices, respectively. The lease terms for these facilities expire in 2022 and 2017, respectively, and contain renewal provisions. The Company plans to purchase its New York buying office in 2014.

The aggregate future minimum annual lease payments under leases in effect at February 1, 2014 are as follows:



($000)	Total operating leases
2014	$	417,443
2015	430,394
2016	371,341
2017	317,126
2018	252,254
Thereafter	498,371
Total minimum lease payments	$	2,286,929

Total rent expense was $434.9 million, $406.6 million, and $380.0 million in fiscal 2013, 2012, and 2011, respectively.