Nautilus 2005 Annual Report Download - page 55

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Table of Contents
5. INVENTORIES
Inventories at December 31 consisted of the following:
6. PROPERTY, PLANT AND EQUIPMENT, net
2005 2004
Finished goods
$
69,178
$
31,170
Work
-
in
-
process
1,368
1,104
Parts and components
25,538
16,830
Inventories
$
96,084
$
49,104
Details of property, plant and equipment are summarized as follows at December 31:
Construction in process consists of capitalizable costs associated with the renovation of the Company’s new world headquarters and
implementation of the Company’s new information system that are not yet in service and therefore not yet being depreciated.
7. GOODWILL
Estimated
Useful Life
(in years)
2005
2004
Land
N/A
$
1,507
$
1,935
Buildings and improvements
7 to 31.5
27,416
22,785
Computer equipment
2 to 5
40,556
29,213
Production equipment
3 to 5
26,030
18,876
Furniture and fixtures
5
5,182
1,713
Automobiles
7
211
431
Construction in process
N/A
2,220
3,395
Total property, plant and equipment
103,122
78,348
Accumulated depreciation
(43,802
)
(31,998
)
Property, plant and equipment, net
$
59,320
$
46,350
The changes in the carrying amount of goodwill for the year ending December 31, 2005 are as follows:
54
Fitness
Equipment
Fitness
Apparel
Total
Beginning of year balance
$
29,755
$
—
$
29,755
Belko Canada Acquisition
2,514
—
2,514
Pearl Izumi Acquisition
—
32,135
32,135
Balance as of December 31, 2005
$
32,269
$
32,135
$
64,404