Property And Equipment

12 Months Ended

Jan. 01, 2012

Property, Plant and Equipment [Abstract]



	January 2, 2011		January 1, 2012
	(in thousands)
Land	$	128,071	$	145,270
Buildings and leasehold improvements	235,588		279,931
Equipment	190,324		231,201
Construction in progress	10,889		13,634
Total property and equipment	564,872		670,036
Less: Accumulated depreciation	155,719		195,793
Property and equipment, net	$	409,153	$	474,243

Depreciation expense on property and equipment was $42.4 million, $41.7 million and $44.3 million for 2009, 2010 and 2011, respectively.

The Company periodically closes under-performing retail stores and either converts them to dealer operations or sells or leases the property for alternate use. The Company records closed stores or any other excess properties for sale as assets held for sale in current assets, or as assets held and used in other noncurrent assets at the lower of carrying cost or estimated fair value, less cost to sell.

During 2009, the Company recorded a net loss of $2.4 million on disposal of assets. During 2010, the Company recorded a net loss of $1.7 million on disposal of assets. During 2011, the Company recorded a net loss of $1.7 million on disposal of assets. Gains and losses of property and equipment and assets not in productive use are recorded in gain/loss on disposal of assets and impairment charges in the Statements of Operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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