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69
Accounting Pronouncements Not Yet Adopted
In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and
Equipment (Topic 360) Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.
ASU 2014-08 changes the requirements for reporting discontinued operations. Under the ASU discontinued operations is
defined as either a:
• Component of an entity, or group of components, that
has been disposed of, meets the criteria to be classified as held-for-sale, or has been abandoned/spun-off; and
represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results,
or a
• Business or nonprofit activity that, on acquisition, meets the criteria to be classified as held-for-sale.
We are currently evaluating the impact of ASU 2014-08, which is effective for us in our fiscal year beginning on January 1,
2015.
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 requires
revenue recognition to depict the transfer of goods or services to customers in an amount that reflects the consideration to
which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 sets forth a new revenue
recognition model that requires identifying the contract, identifying the performance obligations, determining the transaction
price, allocating the transaction price to performance obligations and recognizing the revenue upon satisfaction of performance
obligations. The amendments in the ASU can be applied either retrospectively to each prior reporting period presented or
retrospectively with the cumulative effect of initially applying the update recognized at the date of the initial application along
with additional disclosures. We are currently evaluating the impact of ASU 2014-09, including the methods of implementation,
which is effective for us in our fiscal year beginning on January 1, 2017.
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40):
Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU describes how an entity’s
management should assess whether there are conditions and events that raise substantial doubt about an entity’s ability to
continue as a going concern within one year after the date that the financial statements are issued. Management should consider
both quantitative and qualitative factors in making its assessment.
If after considering management’s plans, substantial doubt about an entity’s going concern is alleviated, an entity shall disclose
information in the footnotes that enables the users of the financial statements to understand the events that raised the going
concern and how management’s plan alleviated this concern.
If after considering management’s plans, substantial doubt about an entity’s going concern is not alleviated, the entity shall
disclose in the footnotes indicating that a substantial doubt about the entity’s going concern exists within one year of the date of
the issued financial statements. Additionally, the entity shall disclose the events that led to this going concern and
management’s plans to mitigate them.
We are currently evaluating the impact of ASU 2014-15, which is effective for us in our fiscal year beginning January 1, 2016.
Note 3: Property and Equipment
December 31,
Dollars in thousands 2014 2013
Kiosks and components . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,165,925 $ 1,105,761
Computers, servers, and software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,915 226,389
Office furniture and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,218 7,260
Vehicles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,234 6,553
Leasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,625 23,198
Property and equipment, at cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,411,917 1,369,161
Accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (983,449)(848,296)
Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 428,468 $ 520,865