CompUSA 2013 Annual Report Download - page 56

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Indefinite-lived intangible assets:
The following table summarizes information related to indefinite-lived intangible assets (in millions):
During 2013 the Company wrote off the remaining carrying value of the indefinite-
lived intangible assets of CompUSA of approximately
$2.9 million and in 2012 the Company recorded one-
time impairment charges related to trademarks and domain names of approximately
$33.4 million. These write offs and impairment charges were recorded in the Consolidated Statements of Operations as special charges
within the Technology Products segment.
Definite-lived intangible assets:
The following table summarizes information related to definite-lived intangible assets (in millions):
During 2013, the Company incurred accelerated amortization of approximately $0.9 million related to the termination of one of the retail
store leases. During 2012, the Company incurred one-time impairment charges related to definite-
lived intangible assets of approximately
$1.0 million. This impairment charge was recorded in the Consolidated Statements of Operations as special charges within the Technology
Products segment.
The aggregate amortization expense for these intangibles was approximately $1.9 million in 2013. The estimated amortization for future
years ending December 31 is as follows (in millions):
Property, plant and equipment, net consist of the following (in millions):
52
Table of Contents
December 31,
December 31,
2013
2012
Balance January 1
$
5.4
$
38.8
Intangible write offs
(2.9
)
(33.4
)
Sale proceeds
(0.2
)
-
Balance December 31
$
2.3
$
5.4
December 31,
December 31,
2013
2012
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Retail store leases
$
3.4
$
2.5
$
3.4
$
1.3
Client lists
2.6
2.2
2.6
1.7
Technology
1.0
0.9
1.0
0.7
Total
$
7.0
$
5.6
$
7.0
$
3.7
2014
$
0.8
2015
0.1
2016
0.1
2017 and after
0.4
Total
$
1.4
3.
PROPERTY, PLANT AND EQUIPMENT
December 31,
2013
2012
Land and buildings
$
27.6
$
19.4
Furniture and fixtures, office, computer and other equipment and software
127.2
133.1
Leasehold improvements
30.8
30.6
185.6
183.1
Less accumulated depreciation and amortization
126.2
120.1
Property, plant and equipment, net
$
59.4
$
63.0