XML 41 R11.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2011

NOTE 4: PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	December 31, 2011		January 1, 2011

In thousands
Land and buildings^(a)	$	72,009	$	67,207
Machinery and equipment^(b)		233,540		316,569
Furniture and fixtures^(b)		127,913		261,709
Leasehold improvements^(b)		249,734		488,663

		683,196		1,134,148
Less: Accumulated depreciation and amortization^(b)		444,532		758,619

Total property and equipment, net	$	238,664	$	375,529

^(a): The increase in the balance compared to January 1, 2011 primarily reflected the purchase of the underlying assets of the Ohio distribution center in the second quarter of 2011 under the terms of the previously existing synthetic lease agreement, partially offset by the sale of an 81.25% interest in the global MEXX business (see Note 1 — Basis of Presentation and Significant Accounting Policies).
^(b): The decrease in the balance compared to January 1, 2011 primarily reflected the sale of an 81.25% interest in the global MEXX business (see Note 1 — Basis of Presentation and Significant Accounting Policies and Note 2 — Discontinued Operations).

Depreciation and amortization expense on property and equipment for the years ended December 31, 2011, January 1, 2011 and January 2, 2010, was $66.0 million, $65.6 million and $71.6 million, respectively, which included depreciation for property and equipment under capital leases of $3.8 million, $4.8 million and $4.8 million, respectively. Machinery and equipment under capital leases was $22.6 million and $30.4 million as of December 31, 2011 and January 1, 2011, respectively.

- 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.

+ References+ Details