Office Depot 2001 Annual Report Download - page 45

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43
Beginning New Cash Other Ending
(Dollars in thousands) Balance Charges Payments Adjustments Balance
2001
Accrued direct merger costs $—$— $ — $ — $—
Accrued other facility exit costs 1,187 3,134 (1,714) (1,321) 1,286
Accrued personnel retention and termination costs 2,733 1,267 (1,383) 1,001 3,618
Total accrued costs $ 3,920 $4,401 $(3,097) $ (320) $4,904
2000
Accrued direct merger costs $ 1,639 $ — $ (86) $ (1,553) $ —
Accrued other facility exit costs 7,764 1,348 (2,835) (5,090) 1,187
Accrued personnel retention and termination costs 11,865 4,798 (11,450) (2,480) 2,733
Total accrued costs $21,268 $ 6,146 $(14,371) $ (9,123) $ 3,920
The other adjustments column represents changes to original estimates,
plan modifications and balance true-ups.
Note D—Property and Equipment
Property and equipment consisted of:
December 29, December 30,
(Dollars in thousands) 2001 2000
Land $ 89,455 $ 89,458
Buildings 245,628 248,297
Leasehold improvements 608,738 609,701
Furniture, fixtures and equipment 967,953 937,050
1,911,774 1,884,506
Less accumulated depreciation (801,763) (765,200)
$1,110,011 $1,119,306
The above table of property and equipment includes assets held under
capital leases as follows:
December 29, December 30,
2001 2000
Buildings $ 55,966 $ 53,397
Furniture, fixtures and equipment 37,731 41,909
93,697 95,306
Less accumulated depreciation (30,104) (26,193)
$ 63,593 $ 69,113
Note E—Debt
The debt components consisted of the following:
December 29, December 30,
(Dollars in thousands) 2001 2000
Current maturities of long-term debt:
Capital lease obligations $ 10,486 $ 7,259
Domestic 364-day credit facility borrowings —146,000
Zero coupon, convertible subordinated notes 233,526 —
Yen facility borrowings 74,509 —
$318,521 $153,259
Long-term debt, net of current maturities:
Domestic five-year credit facility borrowings $— $243,587
Yen facility borrowings —63,981
Senior subordinated notes 245,360 —
Capital lease obligations 69,971 66,493
$315,331 $374,061
Convertible debt, net of current maturities:
Zero coupon, convertible subordinated notes $ 2,221 $224,438