Henry Schein 2009 Annual Report Download - page 81

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(In thousands, except share and per share data)
69
Note 3 – Property and Equipment, Net
Property and equipment consisted of the following:
December 26,
2009
December 27,
2008
Land ..................................................................................................... 12,644$ 12,380$
Buildings and permanent improvements .............................................. 97,983 80,026
Leasehold improvements ..................................................................... 60,392 56,596
Machinery and warehouse equipment .................................................. 73,003 69,106
Furniture, fixtures and other ................................................................ 73,069 62,894
Computer equipment and software ...................................................... 239,543 217,276
556,634 498,278
Less accumulated depreciation and amortization ................................ (297,058) (250,443)
Property and equipment, net ........................................................... 259,576$ 247,835$
The net carrying value of equipment held under capital leases amounted to approximately $5.5 million
and $7.1 million as of December 26, 2009 and December 27, 2008. Property and equipment related
depreciation expense, from continuing operations, for the years ended December 26, 2009, December 27,
2008 and December 29, 2007 was $46.4 million, $45.1 million and $46.1 million.
Note 4 – Goodwill and Other Intangibles, Net
The changes in the carrying amount of goodwill for the years ended December 26, 2009 and December
27, 2008 were as follows:
Healthcare
Distribution Technology Total
Balance as of December 29, 2007 .................................... 836,796$ 80,398$ 917,194$
Adjustments to goodwill:
Acquisitions ................................................................. 67,446 - 67,446
Discontinued operation impairment ............................ (6,706) - (6,706)
Foreign currency translation ........................................ (40,913) (14,069) (54,982)
Balance as of December 27, 2008 .................................... 856,623 66,329 922,952
Adjustments to goodwill:
Acquisitions ................................................................. 40,817 4,383 45,200
Discontinued operation impairment ............................ (444) - (444)
Foreign currency translation ........................................ 15,674 3,013 18,687
Balance as of December 26, 2009 .................................... 912,670$ 73,725$ 986,395$