Henry Schein 2014 Annual Report Download - page 87

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
73
Note 2 – Property and Equipment, Net
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed primarily
under the straight-line method over the estimated useful life. Depreciation of leasehold improvements is computed
using the straight-line method over the lesser of the useful life of the assets or the lease term. Property and
equipment, including related estimated useful lives, consisted of the following:
  December 27, December 28,
  2014 2013
Land ............................................................................................................................... $ 19,170 $ 19,981
Buildings and permanent improvements ........................................................................ 119,057 112,514
Leasehold improvements ................................................................................................ 84,649 73,974
Machinery and warehouse equipment ............................................................................ 98,551 71,129
Furniture, fixtures and other ........................................................................................... 121,485 118,806
Computer equipment and software ................................................................................. 306,227 279,831
 749,139 676,235
Less accumulated depreciation ....................................................................................... (437,643) (400,347)
Property and equipment, net ................................................................................... $ 311,496 $ 275,888



 Estimated Useful
 Lives (in years)
 Buildings and permanent improvements ....................................... 40
 Machinery and warehouse equipment ........................................... 5-10
 Furniture, fixtures and other .......................................................... 3-10
 Computer equipment and software ................................................ 3-10
Property and equipment related depreciation expense for the years ended December 27, 2014, December 28,
2013 and December 29, 2012 was $57.6 million, $52.9 million and $52.2 million.