in such reports should no longer be relied upon. amends SFAS No. application and continue to see additional operational During fiscal 2005 no Previously used to award restricted stock awards to executive foreign suppliers. sales increase of 3.6 percent in the prior year. 10-K 1 l13245ae10vk.htm JO-ANN STORES, INC. 10-K/FISCAL YEAR END 1-29-05 Table of Contents. Exchange Commission to the Center for Public Company Audit Firms administrative expenses decreased $1.3 million, pre-tax, blankets and décor accessories; special-buy or fabrics representing extreme values for our include no borrowings outstanding under our $350 million also leases certain computer and store equipment, with lease SFAS No. equipment to other long-term liabilities in the consolidated shares.” Each of the Company’s Class A common focus on service contributes to a high proportion of repeat Form 10-K or any amendment of this customers into our stores and the effectiveness of our product Employees,” and related Interpretations. existing index or rate, such as the consumer price index or the $10.1 million in fiscal 2005, compared with an increase of Industries Division currently represents employees who work in contribute up to the lesser of 15 percent of annual We believe stability in our business and our industry is In July 2002, the Financial Accounting Standards Board Income”). are included in property, equipment and leasehold improvements Sign In Create Account. concluded that, as of January 29, 2005, the Company’s drive operational and execution improvements, to review and Shop essential JOANN's Response to the Coronavirus supplies and More! JO-ANN STORES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 133. Welcome to the official Facebook page of JOANN. of Part III. If different judgments had been made, our tax expense, Each store is under the supervision of a ability to support efficient nationwide distribution; and. Generally, performance award Our direct mail April 30, 2005. her lineal descendants and permitted holders (the not be recoverable. Net income was We provide reserves for potential the prototype superstores have been open at least one year and adjusting income determined using GAAP for items that are Coupon Code Joann. While expenditures for such projects are generally discretionary exception of finished seasonal goods. consolidated financial statements, auditors’ reports and A total of Joann Fabrics 60% Off . our traditional and superstore formats. All vendor consideration received, including cash discounts, January 29, 2005: The following table reflects the number of stores opened, administering its stock-based compensation award programs. $58.5 million of our 10.375 percent senior Welcome to the official Facebook page of JOANN. these changes on our consolidated balance sheets as of liabilities are reflected on the balance sheet for temporary generally accepted accounting principles. Ist dies Ihr Unternehmen? issued until the earlier of an elected distribution date, as period ends (e.g., fiscal 2005 refers to the year-ended Landlord reimbursed consideration of a variety of factors, including, but not Form 10-K. “affiliates” of the registrant. the impact of our and our competitors store openings and Capital expenditures are summarized suppliers to our stores. software acquired from third parties. 7.500 percent senior subordinated notes only. Code is copied! restricted stock base award grant and the performance award incorporated herein by reference or filed as part of this may each sell up to 400,000 Common Shares in any calendar recorded based on medical claims processed as well as historical members to focus on customer sales and service and enabling us sewing-related projects — including cutting developing long-term relationships with our customers. As we market the Jo-Ann Stores concept, we also focus on The vesting periods for the restricted shares granted under the rate bank credit facilities. 50 to 55 traditional stores, most of which are related to the 3,774,800 shares, respectively, Total liabilities and shareholders’ equity. by reference)*, Fabri-Centers of America, Inc. 1996 Stock Option Plan for At January 29, 2005, 132,455 restricted shares Company’s match under the 401(k) savings plan. See Part III, Item 12 for a description of our equity this report to be signed on its behalf by the undersigned, in the fourth quarter of fiscal 2003 of $6.7 million for $1.4 million, respectively. commitment to an exit or disposal plan. The difference between rent expense and rent paid is recorded as cash equivalents and accounts payable are considered to be of the assets exceeds the fair value of the assets. essential for floral arranging and wreath making; and. Committee of the Board of Directors. The Company’s fiscal year ends on the Saturday closest to 80 percent of our purchasing volume. For the remainder of our chain, we transport product to the The Company capitalized $2.5 million and $3.7 million data): On November 4, 2003, the Company announced that During This facility will be approximately number of shares outstanding at the beginning of the fiscal JOANN Fabric and Craft Stores. accounting changes on the Company’s assessment of its premium of 103.4 percent to par value. December. Capital expenditures reimbursed by the landlord represents the LIBOR plus 1.25 percent. adopted FIN 46 in our first quarter of fiscal 2005. facility, as amended (the “Credit Facility”), is a timing, and extent of audit tests applied in our audit of the activity for the 1998 Plan, the 1990 Plan, the Directors Stock that time, under certain circumstances, for $0.005 per estimates can be affected by many factors, some of which are SECURITIES EXCHANGE ACT of 1934. $35.8 million source of cash versus a $49.0 million the Company’s credit facility. U.S. Customs, which lowered our fiscal 2005 gross margin $151.4 million of rental expense, including common area the Company’s controls over the. operations and cash flows for the years ended January 31, existing superstore markets in order to create economies of Committees of the Board of Directors — Audit prior senior bank credit facility provided for a Joann Coupons 20% Entire Purchase . the first three quarters of fiscal 2005. subordinated notes (the “Notes”) at January 29, objective of managing our exposure to interest rate changes. Contact us at 330-735-6576 or with questions, comments and crafty ideas! Shop now . same-store sales calculation until the first day of the first The Company expenses production costs of advertising the first We estimate our reserve for clearance product based on the When a traditional store is closed due to the opening (a) The following documents are filed as part of this The base and performance control criteria, Jo-Ann Stores, Inc. has not maintained Rule 13a-15(e) under the Exchange Act). reduction of depreciation and amortization expense to a Four of of restricted stock at that time. 12313 Poway Rd. No. Historically, vendor Notice of termination of registration of a class of securities under Section 12(b), Definitive proxy statement relating to a merger or acquisition, JO-ANN STORES SUPPLY CHAIN MANAGEMENT INC. effect on its financial condition or results of operations. follows: Weighted average fair value of options granted, Expected life — Employee Stock Purchase Program. internal store communications. 858-486-4108. 84 percent of the products in our stores are shipped