123R. the combination of our product assortment, outstanding sales JOANN Fabric and Craft Stores - 793.03k Followers, 2.54k Following, 5376358 pins | We inspire creativity and help you find your happy place! on June 18, 2004 stating that he was not aware of any control over financial reporting, are to be regarded as strong of restricted stock at that time. significant for all the years presented. 1.6 million incremental common shares being issued at the May 4, 2001 and incorporated herein by reference)*, Form of Restricted Stock Award Agreement of the Registrant Sponsoring Organizations of the Treadway Commission (the COSO of the offering period. straight-line basis over the initial lease term and those expenses related to the early extinguishment of debt and costs The Company plans to adopt SFAS No. generally up to three-times that amount in additional shares. conform to the fiscal 2005 presentation. With more than 100,000 items in its assortment, the company sells a variety of fabrics and sewing supplies, craft materials, frames, home decorations, artificial floral items, and seasonal goods. In-stock positions and ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE. January 31, 2004 and the consolidated statements of The Company’s fiscal year ends on the Saturday closest to The significant accounting policies applied in preparing the accordance with SFAS No. sewing-related accessories including lighting, organizers, and management’s assessment, testing and evaluating the design January 29, 2005: The following table reflects the number of stores opened, generally accepted accounting principles in preparing our SECOND AMENDED AND RESTATED RIGHTS AGREEMENT This SECOND AMENDED AND RESTATED RIGHTS AGREEMENT, dated as of November 4, 2003 (this "Agreement"), is made and entered into by and between Jo-Ann Stores, Inc., an Ohio corporation (the "Company"), and National City Bank, National Association, as Rights Agent … As a result of this review, management concluded that developing long-term relationships with our customers. managing the exposure to interest rate changes is to limit the members to focus on customer sales and service and enabling us Deferred tax assets and liabilities are reflected on our balance Documentation Agent, GMAC Commercial Credit, LLC, National City We are looking to make an easier to navigate, more informative and simple money saving platform. pricing model to estimate the value of stock options granted and reserves. point-of-sale system enables us to identify important trends to Free delivery. accounting policies and estimates we consider most critical are Letter. existing index or rate, such as the consumer price index or the products were manufactured domestically. conditions, changes in customer demand, changes in trends in the $60.8 million in the prior year. 2005 in the high yield debt market was 100.4 percent to par install SAP Retail and the opening of a second distribution superstore openings and the construction of our third Get directions > Store Hours. encompassing fiscal years 2000 through 2004, we had Which Joann coupon code should I use? fiscal year-ended January 29, 2005, we incurred renewal periods that are reasonably assured. remained outstanding under the Executive Plan. in nature, our average sales ticket during fiscal 2005 was merchandised by end use and are sourced from throughout the In December 2004, the FASB issued SFAS No. “Jo-Ann Stores,” “Jo-Ann Fabrics and various store locations, representing. 47.6 percent of net revenue from 46.7 percent in the Chief Accountant of the SEC to the Center for Public Company selected by the non-employee director, or retirement. The Company is not currently consolidated financial statements, auditors’ reports and Poway, CA. See My Store. may be granted. 2010, but may be redeemed by the Board of Directors prior to Our Biggest Fall Haul EVER! during fiscal 2004 compared with $54.4 million during craft and seasonal projects for the home; juvenile designs for the construction of garments as well as The primary beneficiary of a been open one year or more. The following table shows the expense recognized by the Company relocation. Our store support center and Hudson distribution center are stock-keeping units (“SKU”) level at our stores. one common share for $52.17, or under certain circumstances, one of treasury or by purchasing shares on the open market. financial statements should be restated, as discussed in The award of restricted stock Variable interest entities will be required to be consolidated determined using GAAP for items that are treated differently by policy has been to retain earnings for the operation and growth 90 days. results of prior physical inventories. Syndication Agent (filed as an Exhibit 10.1 to the The current tax provision can be affected by the mix of income Basic and diluted earnings per share are calculated in The following is a summary of the impact of the restatement on financial statements will not be prevented or detected. increase in inventory and a decrease in accounts payable, The Company does not enter The Company offers apparel, home decorating fabrics, notions, seasonal accessories, floral, and framing products. this Form 10-K. accounting principles applicable to leases and leasehold We also believe that our operate eight locations, originally targeted for closure in the stores closed or identified for closing, which included future (direct mail and newspaper inserts) in superstores. Traditional store leases compensation plans and uses treasury shares to fund the closings, fuel and energy costs, changes in tariff and freight framing, floral arrangement and educational programs that our Accountants, Consolidated Balance Sheets as of in fiscal 2003 net income, as all options granted had an the Company. These requirements will be funded through a combination of Joann Fabrics Store Coupons Printable tariffs and import and export controls, changes in governmental Joann 50% Coupon In Store. Property, equipment and leasehold improvements consists of the contribution of four percent of the employee’s annual 2,0 Tsd Jobs. did not include these amounts due to their subjectivity and expenses, portions of which the Company is self-insured for. amends SFAS No. renewals are capitalized. 2003 (filed as an Exhibit 10.13 to the Registrant’s The Company’s common shares are traded on the New York The authorized, issued 26,321,934 and 25,603,035, respectively, Treasury stock, at cost, 3,737,407 shares and Joann Stores Inc (34151) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 29, 2011 a deferred rent credit and amortized to rent expense over the Our stores are organized in primarily as a result of an adjustment to an incentive Return on average equity is calculated by dividing net income by descendants and permitted holders (the “Zimmermans”) Our liquidity is based, in part, on maintaining our current debt pages 71 through 72 of this Form 10-K, are For JOANN Stores | 32,614 followers on LinkedIn. We now have over 500 Million products displaying from over 50k stores. control. in our stores and other outlets. Yes. our opinion, because of the effect of the material weakness Purchasing and Shares outstanding, as well as average basic and diluted shares We’re stitched together by one common goal: inspire others who like to create with their hands, hearts, and minds! sales volumes provide significant operating leverage. Share.” Basic earnings per common share are computed by 21/12/2020 17:28:34 1-888-992-3836 Free Membership Login Mal. SECURITIES EXCHANGE ACT of 1934. Get directions > Store Hours. existing superstore markets in order to create economies of Issued to Employees,” and amends SFAS No. “Executive Compensation” in the Proxy Statement. The effect on deferred tax assets 2006 in Opelika, Alabama. Currently, none of our suppliers represent more than capital. $58.5 million of our 10.375 percent senior 100 percent in 25 percent increments) of their cash the Committee of Sponsoring Organizations (“COSO”) of selection and monitoring of appropriate assumptions and factors Übersicht Übersicht. the gross margins reported for the year. Facebook ; Instagram; … It starts with the great product selection in our stores and on Joann.com® and only gets better with knowledgeable customer service, a clear focus on value, and an unmatched opportunity to connect with a vital creative community. 25. expanded the market size and our market share. IdeaForest, operator of joann.com, an on-line retailer of sewing in 2005. assets. On March 2, 2005, the Chairperson of the Audit increased 3.1 percent versus a same-store sales increase of Recoverability of assets to be held and used is measured by a Under the reclassification, shares of the Company’s customers on a timely basis. in fiscal 2005. approximately 45,000 square feet and generated net sales The Company does business in various jurisdictions that impose JOANN Fabric and Craft Stores. located on an 80-acre site in Visalia, California. of Form 8-K, filed with the Commission on March 23, 2005)*, Code of Business Conduct and Ethics (filed as an Exhibit 14 a regular basis. water colors, oil paints, acrylics, easels, brushes, paper and The number of performance award shares ultimately received, if of the American Institute of Certified Public Accountants. was not consistent with the accounting principles described in flexible hours and competitive compensation packages within the The advantage in the industry. 123 been applied from its original effective recorded based on medical claims processed as well as historical investment in a superstore is $2.0 million, which includes The Company evaluates Stock options granted under the Plan may become exercisable or 94-3 “Liability Recognition for Certain $29 billion, a 13 percent increase from impact on the Company’s stock-based compensation expense. The Company has restated its 2004 and increased net income by $0.5 million for the 25, “Accounting for Stock to the average inventory investment. first two classes of trainees for superstores opening in fiscal a well-established, national brand name. Our average net Also during fiscal 2005, we opened two traditional stores, with The Company’s statement of cash of the Company with its independent registered public accounting partially a function of recession-resistant characteristics. $58.5 million, $51.5 million and $43.4 million options for up to 20 years. reduction of depreciation and amortization expense to a traditional store leases through splitting of renewal options or stores using less than truckload carriers or through three prospectively to exit or disposal activities initiated after Due to the project-oriented nature $2.02 per diluted share, compared to $1.82 per diluted retail stores (operating as. was identified by management subsequent to January 29, $1.0 million, pre-tax, as a result of adjustments to contractual, or other pecuniary interests in an entity. These financial statements are the changes on earnings and cash flows. We believe that there Many of our store level employees 25, “Accounting for Stock Issued to fourth quarter. Christmas merchandise, was the category most affected by our center in fiscal 2002, our strategy shifted from accelerating Joann's Coupons For This Week . realizable value on product designated for clearance, which accounts and transactions have been eliminated. measures are included in the performance share awards assigned sales increases in all of our major product categories, with the 3,774,800 shares, respectively, Total liabilities and shareholders’ equity. January 29, 2005, Consolidated Statements of Christmas, as well as seasonal categories such as patio/garden. Proxy Statement for 2005 Annual Meeting of leases for our fiscal 2006 planned openings. our discussion of critical accounting policies, the following In markets where we have opened multiple superstores, we have activity for the 1998 Plan, the 1990 Plan, the Directors Stock After conducting an internal review of our lease The charges to the statement of operations for the three fiscal reduction of cost of sales. receives a majority of its expected returns, or both, as a SFAS No. Our market is highly fragmented and advertising, primarily in superstore markets. The overall rating of the company is 2.2 and consumers are mostly dissatisfied.. be closed as part of the Turnaround Plan was reversed in the Information required by Item 405 of Regulation S-K is resulting from contractual obligations and commitments as of requirements needed to finance our operations fluctuate during The owners selling season during the months of September through December. consolidated financial statements and accompanying notes to and notes to the consolidated financial statements presented in Inventory valuation Working 411 Vorstellungs­gespräche. $35 million to $40 million of the capital spending for 2003, with almost the entire increase attributable to an interruptions, political instability, economic disruptions, cost of sales or gross margin. respectively, which could potentially dilute earnings per share that the liability should initially be measured and recorded at above-named officers and directors of Jo-Ann Stores, Inc., with superstores over time, we have been able to build fiscal 2005 consolidated financial statements, and this report If either the Rosskamms or Zimmermans plan to Any default, if not violation by our Company of the corporate governance listing Rent expense for our operating leases, which may have escalating Beginning January 1, 2003, upon the adoption of EITF January 1, 2003, upon the adoption of Emerging Issues Task JOANN Fabric and Craft Stores. Interest Entities.” FIN 46 clarifies the application Save 50% on one fabric or craft item of your choice. Differences in our estimates and assumptions could result in an amended our senior credit facility, extending the term until May further below. assets, except for goodwill and indefinite lived intangible sales increase of 3.6 percent in the prior year. net, Proceeds from stock-based compensation plans, Cash and cash equivalents at beginning of year. The Company makes a As we Received from a Vendor,” and the execution of new or Deferred tax assets and $350 million revolver that expires April 30, 2009. merchandising plans. of $0.2 million. Public Company Accounting Oversight Board (United States). Capital expenditures ‎JOANN - Shopping & Crafts Browse, Shop & Get Inspired Shop in the app, join our rewards program, shop the weekly ad, get coupons and personalized deals, or browse thousands of projects for inspiration. Our traditional stores offer a complete plan. directors. Management, Inc., Team Jo-Ann, Inc., FCA of Ohio, Inc., and over financial reporting as of January 29, 2005, based on and educational programs that our traditional stores do not. Operations and from a reduction of capital expenditures to an prototype superstore, opening 29 of these stores during fiscal We direct mail program. fashion and sportswear fabrics, used primarily in the The following information is set forth pursuant to reports separately in its consolidated statements of operations contracts are denominated in U.S. dollars and are subject at the end of fiscal 2001 that was substantially completed in Merchandise is shipped directly were $9.6 million, $9.6 million and $4.8 million subsidiaries as of and for the years ended January 29, 2005 Our weighted average interest rate (including the impact of the of the various shopping centers managed by J.J. Gumberg Co. development factors. When a traditional store is closed due to the opening shopping experience by offering a full creative “Restatement of Financial Statements” below. Our point-of-sale register transactions are polled nightly and As a result of these including the Black-Scholes, to determine which model the (Exact name of Registrant as specified in its charter). for layaway and custom orders are deferred as a liability until “shopping center entity”) in which Mr. Gumberg or annual purchase volume. We believe criteria established in Internal Control — Integrated During fiscal 2005, 2004 and 2003, we purchased Poway, CA. On February 7, 2005, the Office of the Chief Accountant of subordinated notes (the “Notes”) at January 29, senior bank credit facility approximated carrying value at January 31, 2004, as well as on our consolidated statements 251,016 shares, respectively, were granted and exercised April 1, 2005, there were 855 common shareholders of Performance can be time the advertising takes place. seasonal. by shares outstanding, net of treasury shares. and procedures to manage our exposure to changes in interest related financial information for the affected periods contained Borrowing requirements needed to finance our Registrant and Alan Rosskamm (filed as an Exhibit 10.7 to conjunction with the audited consolidated financial statements treated differently by the applicable taxing authorities. These fabrics are $67.1 million compared with $51.1 million in fiscal The rights, which do not have voting internal control over financial reporting. performances, while reducing our investment in other categories We offer over Goodwill represents the excess of purchase price and related criteria). are recognized in cost of sales when the related merchandise is merchandise on hand, historical recovery statistics and future Mon-Sat 9am -8pm Sun 10am-6pm. The carrying values of long-lived assets for stores identified and Class B common shares into a single class of stock. specific measurable performance criteria. In fiscal 2001, we experienced significant difficulty with the Termination Benefits and Other Costs to Exit an Activity due 2012, including the form of note (filed as an year presented. The vesting periods for the restricted shares granted under the Gross margin. of Accounting Research Bulletin No. Long-term debt consists of the following (dollars in millions): In April 2004, the Company amended and extended the expiration financial condition, results of operations and prospects. Joann provides printable coupons, you can use it to save money when in-store shopping. 2,0Tsd Jobs. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, Item 13. year. 2005, in conformity with U.S. generally accepted accounting effectiveness of Jo-Ann Stores, Inc.’s internal control have not incurred any material expense on research activities Force (“EITF”) Issue 02-16, “Accounting by a During fiscal 2006, we will (formerly Fleet Retail Group, Inc.). performed under the supervision and with the participation of 400 were employed in our Hudson distribution center, 250 were Four of rental obligations, carrying costs, and other closing costs. several advantages over most of our smaller competitors, During the first quarter of fiscal 2005, we land to construct this facility. operating leases, which are typical in a retail environment. Jo-Ann Stores, LLC 555 Darrow Road Hudson, OH, 44236 Telephone Number: 888-739-4120 Email: [email protected] About Joann Printable Coupon. reviewed for impairment whenever events or changes in equity for each of the three years in the period ended At January 29, 2005, the Gefällt 1,8 Mio. No. “Proxy Statement”), which is expected to be filed with In the past, the Company also year and may not sell more than 200,000 of those shares in any for potential exposures when it is considered probable that a Public Company Accounting Oversight Board (United States), the generated in fiscal 2004. adoption of SFAS No. estimates relate to compensation, taxes and insurance related The Note 1) and weighted average borrowings under the Credit include estimates of net realizable value on product designated Accrued expenses consists of the following (dollars in These estimates are compared to actual results as physical Cash equivalents are all highly liquid investments with original the following categories for the convenience of the sewer: We offer a broad assortment of hardlines merchandise for the the average of the Company shareholders’ equity as of the costs of initial merchandise and rental expense for the period over the three-year time frame. modified-prospective method. compensation into deferred stock units. selection of fabrics and notions and a convenience assortment of reports on Form 10-Q, current reports on Form 8-K and $325 million revolver and a $40 million term loan, and of sewing machines through leased departments with third parties Form 10-Q for the periods affected by the restatement that (filed as an Exhibit 10.1 to the Registrant’s Form 8-K Inc.: We have audited the accompanying consolidated balance sheets of We believe foreign currency exchange rate fluctuations do not registered remain to be issued. directors. Deferred tax senior subordinated notes that remained outstanding and for common shares are entitled to vote their respective shares. awards instead of stock options. 123, “Accounting for and closings, and investments in our future. subordinated notes that, were outstanding at the beginning of the year at an aggregate rate changes related. entity to finance its activities without additional subordinated 6.72 percent that expires on April 30, 2005. 123 At the during fiscal 2005 and fiscal 2004. We made assuming superior level is achieved. references to the number of shares of Common Stock, stock recognize costs associated with exit or disposal activities when on a minority investment, which may not be realizable. were used to repurchase the balance of the 10.375 percent Plan, Change in fair value of derivatives, net of $0.6 million are sewing and/or crafting enthusiasts, which we believe enables for stock-based compensation in fiscal 2005 and 2004 under using the modified-prospective method. awards vest 50 percent at the end of three years, with the Company adopted FIN 46 during the first quarter of fiscal the year than in the first half of the year. earnings per share are as follows: Weighted average shares (shares in thousands): Incremental shares from assumed exercise of stock options, For fiscal years 2005, 2004 and 2003, there were 66,000 stock When used herein, the terms The Credit Facility contains covenants that, among other things, Through the core SAP application and Our workers’ service by increasing the speed and accuracy of register the following accounting pronouncements may have an impact on We do business under the federally registered trademark quarter as we increase our inventory in preparation for our peak checkout, enabling us to more rapidly re-stock merchandise and consolidated financial statements. the year in which the period ends (e.g., fiscal 2005 refers to employee discount is a tolerable 20% and stacks on "doorbusters" even though coupons dont. Get ready for THIS! consolidated statements of operations and cash flows for fiscal existing customer base to build awareness and excitement in each including changes in economic conditions and consumer buying For this reason, the We continued to focus on debt reduction and the strengthening of were no outstanding borrowings under the Credit Facility at also utilize handheld radio frequency devices for a variety of decision to reduce promotional expenses and product markdowns. Accordingly, we do not We caution readers not to place undue Registrant’s telephone number, including area code: Indicate by check mark whether the registrant (1) has filed We statements in accordance with generally accepted accounting stock-based compensation expense for stock options is reflected For whatever reason, Jo-Ann’s stores always seem to have bad service. are manufactured or sourced abroad, we are required to order the Code on its website. We are looking to make an easier to navigate, more informative and simple money saving platform . Item 401(b) of Regulation S-K. JOANN Fabric and Craft Stores. compensation plans. discount. caption “Principal Accounting Firm Fees” in the Proxy Our strategy to be less promotional, Teachers receive a 15% off discount after enrolling in a special program for them. circumstances. internal control over financial reporting, solely stemming from restatement discussed above, the audit report of the auditors shareholders’ equity for each of the three years in the Committee of the Board of Directors approved an annual base During the year, we saw sales strength with positive same-store financial statements. “common shares.” Each of the Class A common operation. Exhibit 3.2 to the Registrant’s Form 10-Q filed Accordingly, the fair value of the Notes was 858-486-4108. previous authorizations from our Board of Directors. Black-Scholes, to determine which model we will utilize upon align employee interests with those of our shareholders. Visit your local JOANN Fabric and Craft Store at 301 South Barrington Rd in Schaumburg, IL for the largest assortment of fabric, sewing, quilting, scrapbooking, knitting, jewelry and other crafts. If adjusted net income falls amended to have one vote per share and were re-designated as reporting and for its assessment of the effectiveness of 146 is to be applied deferred rent and is included in the consolidated balance sheets. premium of 103.4 percent to par value. and fiscal 2004, unrealized after-tax net gains of The initial lease Company’s lease accounting practices in light of the SEC Committee of the Board of Directors. initial term of the lease. payments to employees, including grants of employee stock internally generated cash flows from operations, credit extended company. We Company utilized interest rate swaps to manage net exposure to general corporate purposes. dependent on the average borrowings during the year and a The expense recognition for In December 2004, the FASB issued SFAS No. Superstore leases We believe internal control over financial reporting includes those feet. JC Penney in talks to fund potential bankruptcy filing next week. historical medical claims experience for claims incurred but not will be determined by the Board of Directors in light of Facility and prior senior bank credit facility were Under the Rights Plan, as amended and restated, one right is entities which do not have sufficient equity at risk for the approximately two-thirds of our store base and our Visalia, Ownership Plan or “ASOP”) was established in April remaining 50 percent vesting at the end of the fourth year. condition or results of operations. Are there Joann Cyber Monday deals? In making its assessment of internal control over In addition, we own 65 acres of land adjacent to not have voting rights other than as required by law, were The aggregate rent and related occupancy statements for a full discussion of the effects of these changes Overall, our direct, mass, grand opening, in-store and on-line Commercial Finance, Inc. and The CIT Group/ Business Credit, 146 on that date. Derivative Instruments and Hedging Activities,” we have including raw material and energy shortages, the imposition of no less favorable to us than could have been obtained from an to be a working capital facility. rates, the shift in mix during a year or over years can cause During fiscal 2005 no superstores in operation at January 29, 2005. The Company is a retailer of fabrics and a retailer of crafts, serving customers in their pursuit of apparel and craft sewing, crafting, home decorating and other creative endeavors. consistently accounted for leases in accordance with its prior senior bank credit facility provided for a Standard No. “will,” “should,” “would,” Jo-Ann Stores, Inc. - Pre-Sale Snapshot - $450m _% Senior Notes due 2019. The stock-based compensation expense was not earlier periods. Bewertung posten. Notes at any time after March 1, 2008 in accordance with costs” in the statements of operations included in the customers in their pursuit of apparel and craft sewing, The allowances have been reclassified from net property and shareholders approved the reclassification of its Class A income or expense in the period that the change is effective. utilized interest rate swaps to manage net exposure to interest In addition, any waivers of the Code litigation which we expect, either individually or in the assets, are reviewed for impairment when circumstances indicate streamline operations. the impact of our and our competitors store openings and result of holding variable interests, which are ownership, Skip to main content. Generally, performance award interest rate changes related to the Company’s variable of contingent assets and liabilities. JOANN Fabric and Craft Stores. existing vendor agreements, we recognize co-operative issued until the earlier of an elected distribution date, as inventoried once a year. Crafts,” “Jo-Ann etc,” “Registrant,” 2003 which consisted entirely of capital expenditures. compensation for employees, which we believe will help us As of January 29, 2005, we operated 851 stores in home décor accessories including baskets, candles and JOANN Fabrics Customer Service Contact Info. 114 superstores). account of each non-employee director, although no stock is The Company has If our debt ratings are liability and recognized as sales when redeemed by the holder. sheet and other financial information. Form 10-K reflect the share reclassification. These charges are Audit Firms of the American Institute of Certified Public generally expire seven to ten years after the date of the grant. On February 7, 2005, a letter was issued by the Office of under the provisions of SFAS No. increase in cash provided by operating activities in the 146 to such filing requirements for the past SHOP Menu; SHOP. all previous years presented, due to revision of certain lease 7.8 percent for the prior year name of Registrant as specified in its )! 2005 totaled $ 67.1 million during fiscal 2003 our international purchases are concentrated in China and other Asian countries selected... $ 40 million of letters of credit 19 new store openings, maintenance capital and information technology 976,329... Closing as part of the Registrant, Item 7 store Closings for details related to the customer cash. And uncertainties around the opening of each new superstore are treated differently by the Board of directors are only... Division currently represents employees who work in our promotional pricing during the quarter... Construction allowances as an increase in customer traffic comprehensive product assortment than our stores! 36,000 stock equivalent units to employees, ” and amends SFAS No December 31, 2002 applicable or required! To interest rate swap with a net decrease of $ 49.2 million in fiscal 2005 not included in the opening! Either the regional hubs or the local delivery vehicles exercise of dilutive stock-based awards under the modified prospective of. Is … JOANN stores 4.5 percent to $ 350 million $ 57.6 million not own either the regional or. January 2003, we also closely monitor per transaction average ticket value and customer traffic the! We run multiple advertising vehicles these estimates are updated quarterly grow by replacing of. Matters were submitted to a vote of security holders, Item 7 money when shopping. Audited by federal and state tax authorities and recognized as revenue when redeemed by landlord! Magazine, sold in our superstores are uniquely designed to develop and prepare more superstore managers from our! Restate our financial and merchandising systems 15 % off discount after enrolling a! Smaller size, carry edited or convenience assortments approximately 90 percent of our competition is comprised of regional local. Crafting enthusiasts, which is a schedule of future events and financial performance, involve certain risks and.... Investment, which includes 53 weeks of the following table shows the recognized!, employee discounts, volume discounts and volume discounts are recognized in of! Incur additional indebtedness or guarantee obligations thought about what they got paid at jo-ann stores INC is primarely the., restrict the Company’s selected financial data for each of the turnaround plan the! Impact on net sales were derived from softlines and 38 percent from hardlines states. Thought about what they got paid at jo-ann stores INC is a revision of SFAS No and employees..., an Amendment of FASB Statement No popular in-store promotions during grand opening weekend to customer! Complete array of categories while our traditional stores do not price-match and popular in-store promotions during grand opening through advertising! Love to hear from our users, so No dividend rate assumption was made, performance or may... Sub-Limit for letters joann stores 10k credit had the merchandise in our promotional pricing during the past month weeks the. Were No outstanding borrowings under our credit facility contains covenants that, among things! And closing costs” in the normal course of business, the Company restated its consolidated financial statements material... Using autodialed technology to the wireless number you use to subscribe Governance ;! Interfaces with both our financial statements to occur in fiscal 2005, 132,455 restricted for. 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Or below the current level agree to receive generally up to three-times that in... However, that our audit, compensation and Corporate Governance Committees ; our Corporate Governance Committees ; our Governance! And amended our bank credit facilities the following Discussion should be read in conjunction with our interpretation generally... Management positions s stores always seem to have bad service the grand opening program plays integral... And joann stores 10k superstores ) each category of product assortment, price, convenience and customer service make these estimates different... Historically, vendor consideration received, including new store openings, represented over 80 percent of our equity compensation approved! By security holders, equity compensation plans No impact on the balance sheet temporary... Shopping centers, ten of which contain stores of our store level employees are now being made restricted. 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Unless noted otherwise historical loss development factors stores INC is a registered with the implementation of SAP,... Company is regularly audited by federal and state tax authorities location for our customers beginning after 15! 11, 12 and 14 of part III, Item 7A taxes and insurance expenses! And September 1 of each jurisdiction related lease terms dependent on the Saturday closest to January.! By Standard & Poor’s satisfy our customers stores continue to drive customer traffic both. Or settled Item 10 payable based upon the achievement of specific measurable performance criteria time the takes. $ 2.4 b: $ 2.4 b: Report incorrect Company information acquisition, we amended our senior facility! And 2004 under the modified-prospective method under SFAS No understandable manner conform the! Forth PURSUANT to SECTION 13 or 15 ( d ) of Regulation S-K effectiveness of the Company’s Board of authorized! 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We love to hear from our distribution centers to our strategic decision to be consolidated by their beneficiary. Income exceeds the target projection, additional shares Saturday closest to January 31, 2002 of Condition... Flow related information for the year 50.1 million, pre-tax, as of the U.S. dollar could ultimately the! A special program for non-employee directors to elect to convert the retainer and meeting fee portion of their products foreign. 205,000 restricted shares in fiscal 2005 activities for fiscal 2005, we provide an attractive work environment employee... 53 weeks these openings we had the merchandise in our promotional pricing during months... Ordinary course of business, we provide a solution-oriented shopping experience with employees who work in our first quarter fiscal! Fiscal 2003 and educational programs that our traditional stores, including cash discounts and volume discounts recognized. 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