Quest Diagnostics 2012 Annual Report Download - page 99

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F- 26
9. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at December 31, 2012 and 2011 consisted of the following:
2012 2011
Land $ 28,510 $ 35,786
Buildings and improvements 352,638 372,195
Laboratory equipment, furniture and fixtures 1,211,646 1,203,821
Leasehold improvements 436,286 423,126
Computer software developed or obtained for internal use 520,835 464,578
Construction-in-progress 74,253 43,783
2,624,168 2,543,289
Less: Accumulated depreciation and amortization (1,868,337)(1,743,518)
Total $ 755,831 $ 799,771
10. GOODWILL AND INTANGIBLE ASSETS
The changes in goodwill for the years ended December 31, 2012 and 2011 were as follows:
2012 2011
Balance at beginning of year $ 5,795,765 $ 5,101,938
Goodwill acquired during the year 28,144 701,087
Goodwill impairment and write-off associated with sale of business during the year (85,173)—
Reclassification to non-current assets held for sale (218,795)—
Increase (decrease) related to foreign currency translation 15,907 (7,260)
Balance at end of year $ 5,535,848 $ 5,795,765
Approximately 90% of the Company’s goodwill as of December 31, 2012 and 2011 was associated with its DIS
business.
For the year ended December 31, 2012, goodwill acquired was principally associated with the acquisition of S.E.D..
For the year ended December 31, 2011, goodwill acquired was principally associated with the Athena and Celera acquisitions.
See Note 5 for further details.
For the year ended December 31, 2012, goodwill impairment was associated with the agreement to sell HemoCue and
the write-off of goodwill was associated with the sale of OralDNA. For further details regarding goodwill included in non-
current assets held for sale, see Note 18.
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(dollars in thousands unless otherwise indicated)