GNC 2011 Annual Report Download - page 97
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Table of Contents
NOTE 8. PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment at each respective period consisted of the following at December 31:
2010 2009
(in thousands)
Land, buildings and improvements $ 63,400 $ 61,572
Machinery and equipment 89,977 82,273
Leasehold improvements 82,594 72,284
Furniture and fixtures 55,247 44,963
Software 20,393 18,035
Construction in progress 549 4,974
Total property, plant and equipment $ 312,160 $ 284,101
Less: accumulated depreciation (118,732) (84,520)
Net property, plant and equipment $ 193,428 $ 199,581
The Company is a 50% limited partner in a partnership that owns and manages the building that houses the Company's corporate headquarters. The
Company occupies the majority of the available lease space of the building. The general partner is responsible for the operation and management of the
property and reports the results of the partnership to the Company. The Company has consolidated the limited partnership, net of elimination adjustments, in
the accompanying consolidated financial statements.
NOTE 9. OTHER LONG-TERM ASSETS
Other assets at each respective period consisted of the following at December 31:
2010 2009
(in thousands)
Long-term franchise notes receivables $ 3,520 $ 2,646
Long-term deposit 619 517
Other 1,628 1,169
$ 5,767 $ 4,332
Annual maturities of the Company's long term and current (see current portion in Note 6, "Prepaids and Other Current Assets") franchise notes
receivable at December 31, 2010 are as follows:
Years ending December 31, Receivables
(in thousands)
2011 976
2012 1,052
2013 1,072
2014 935
Thereafter 461
Total $ 4,496
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