Book value per share
Shareholders’ equity less preferred shares divided by Non-Voting Class A shares and Class B common shares outstanding
CAGR
Compound Annual Growth Rate
Capital expenditures
Payments made for the acquisition of property and equipment
EBITDA
Operating income plus depreciation and amortization
Expanded stores
Stores that undergo construction resulting in a square footage increase during the year
Funded debt
All interest bearing debt, which includes bank loans, bankers’ acceptances, long-term debt and liabilities relating to assets held for sale
Funds from operations
Operating earnings plus depreciation and amortization
Hedge
A financial instrument used to manage foreign exchange, interest rate or energy or other commodity risk by making a transaction which offsets the existing position
Interest coverage
Operating income divided by interest expense
Letters of credit
Financial instruments issued by a financial institution to guarantee the Company’s payments to a third party
Net debt to total capital
Funded debt less cash and cash equivalents divided by funded debt less cash and cash equivalents plus shareholders’ equity
Operating earnings
Net earnings before capital gains (losses) and other items, net of tax
Operating income
Operating earnings before minority interest, interest expense and income taxes
Operating margin
Operating income divided by sales
Private label
A brand of products that is marketed, distributed and owned by the Company
Renovated stores
Stores that undergo construction, resulting in no increase in square footage
ROE (Return on equity)
Net earnings available for common shares divided by average common
shareholders’ equity
Same-store sales
Sales from stores in the same location in both reporting periods
Total capital
Funded debt plus shareholders’ equity
VIE (Variable Interest Entity)
An entity that does not have sufficient equity at risk to finance its activities without additional subordinated financial support, or where the equity holders lack the overall characteristics of a controlling financial interest
Weighted average number of shares
The number of Non-Voting Class A shares plus Class B common shares outstanding adjusted to take into account the time the shares are outstanding in the reporting period