Fiscal Year Ended February 2, 2002 February 3, 2001 January 29, 2000 Store and distribution facilities rent: Minimum rentals ................................. $62,521 $47,314 $32,633 Additional rent based upon sales ............ 528 848 646 Total rent expense ............................... $63,049 $48,162 $33,279 31 February 2, 2002 February 3, 2001 Accrued salaries and benefits .................................................. $7,881 $5,628 Accrued real estate expenses .................................................. 3,058 2,743 Customer liabilities ............................................................... 4,927 3,290 Taxes payable ...................................................................... 2,810 2,250 Severance ........................................................................... 0 954 Asset accruals ...................................................................... 389 3,710 Other accrued expenses ......................................................... 7,246 5,129 Accrued expenses, interest and other current liabilities ................ $26,311 $23,704 4. COMMITMENTS AND CONTINGENCIES The Company leases all of its stores and distribution facilities, and certain office equipment, store fixtures and automobiles, under leases expiring at various dates through 2017. Certain leases include options to renew. The leases require fixed minimum annual rental payments plus, under the terms of certain leases, additional payments for taxes, other expenses and additional rent based upon sales. Accrued expenses, interest and other current liabilities is comprised of the following (dollars in thousands): 3. ACCRUED EXPENSES, INTEREST AND OTHER CURRENT LIABILITIES Rent expense is as follows (dollars in thousands): THE CHILDREN’S PLACE RETAIL STORES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)