Property And Equipment (Notes)

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT



Dollars in thousands	June 30, 2013			December 31, 2012
Kiosks and components	$	1,063,240		$	1,041,755
Computers, servers, and software	216,131			195,756
Office furniture and equipment	6,908			6,538
Vehicles	6,680			7,278
Leasehold improvements	22,283			19,743
Property and equipment, at cost	1,315,242			1,271,070
Accumulated depreciation and amortization	(766,613		)	(684,946		)
Property and equipment, net	$	548,629		$	586,124

During the first quarter of 2013, we began exploring strategic alternatives for our New Ventures refurbished electronics concept, Orango^™, and determined that certain assets related to this concept would be sold or otherwise disposed of before the end of their previously established useful lives. Our estimated fair value of these assets, less the cost to sell them, exceeded their carrying value by $3.2 million. We determined our estimate of fair value by applying a cash flow approach. As a result, during the first quarter of 2013, we recognized charges of $2.7 million in depreciation and other and $0.5 million in direct operating in our Consolidated Statements of Comprehensive Income. We did not separately present the assets or liabilities of the concept as held for sale in our Consolidated Balance Sheets because the amounts are immaterial.

During the second quarter of 2013, we entered into an arrangement to sell certain kiosks previously acquired from NCR (the “NCR Kiosks”) through the sale of a previously consolidated entity which held certain of the NCR kiosks with a net book value of $12.4 million. Total proceeds from the sale of the entity were $11.8 million and are recorded within proceeds from sale of property and equipment within our Consolidated Statements of Cash Flows. As a result of this sale and certain reorganizations we recorded a one-time tax benefit as described in Note 17: Income Taxes.

- 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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