Property, Plant And Equipment

12 Months Ended

Dec. 31, 2013

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

Following is a summary of the Company’s property, plant, and equipment at December 31:



(In Thousands)	2013			2012
Land	$	26,021		$	25,285
Buildings and Improvements	84,520			81,773
Leasehold Improvements and Signs	120,702			120,883
Fixtures and Equipment¹	172,483			152,436
Assets Under Capital Leases:
with Related Parties	10,574			8,158
with Unrelated Parties	10,550			10,564
Construction in Progress	4,347			5,414
	429,197			404,513
Less: Accumulated Depreciation and Amortization	(197,904		)	(173,915		)
	$	231,293		$	230,598


¹	Includes internal-use software development costs of $36.3 million and $22.6 million as of December 31, 2013 and 2012, respectively. Accumulated amortization of internal-use software development costs amounted to $9.5 million and $6.6 million as of December 31, 2013 and 2012, respectively.

Amortization expense on assets recorded under capital leases is included in operating expenses and was $1.7 million, $1.2 million and $1.2 million in 2013, 2012 and 2011, respectively. Capital leases consist of buildings and improvements. Assets under capital leases with related parties included $5.8 million and $4.8 million in accumulated depreciation and amortization as of December 31, 2013 and 2012, respectively. Assets under capital leases with unrelated parties included $5.1 million and $4.4 million in accumulated depreciation and amortization as of December 31, 2013 and 2012, 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