Nutrisystem 2007 Annual Report Download - page 56

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3. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
The following summarizes cash, cash equivalents and marketable securities:
Cost
Accrued
Interest
Fair
Value
Cash and cash equivalents
Demand deposits .................................................... $ 4,694 $— $ 4,694
Money market accounts ............................................... 35,985 — 35,985
December 31, 2007 .................................................. $40,679 $— $40,679
Marketable securities
Auction-rate securities ................................................ $ 1,750 $ 19 $ 1,769
December 31, 2007 .................................................. $ 1,750 $ 19 $ 1,769
Cash and cash equivalents
Demand deposits .................................................... $13,391 $— $13,391
Money market accounts ............................................... 78 — 78
December 31, 2006 .................................................. $13,469 $— $13,469
Marketable securities
Auction-rate securities ................................................ $66,200 $609 $66,809
December 31, 2006 .................................................. $66,200 $609 $66,809
As of December 31, 2007, auction rate securities consist primarily of variable interest bonds of housing agencies
and as of December 31, 2006, auction rate securities consist primarily of variable interest bonds of higher
education institutions.
4. FIXED ASSETS
Fixed assets consist of the following:
December 31,
2007 2006
Furniture and fixtures ...................................... $ 3,192 $ 1,896
Computer hardware and software ............................. 17,559 5,173
Equipment ............................................... 6,064 3,958
Leasehold improvements .................................... 4,089 2,324
30,904 13,351
Accumulated depreciation ................................... (9,032) (4,029)
$21,872 $ 9,322
Depreciation and amortization expense was $5,812, $2,464 and $700 in 2007, 2006 and 2005, respectively.
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