Assurant 2012 Annual Report Download - page 107

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ASSURANT, INC.2012 Form10-K F-31
9 Property and Equipment
At December31, 2012, the Company and its subsidiaries had net operating loss carryforwards for U.S. federal and foreign income tax purposes.
Net operating loss carryforwards total $274,813 and will expire if unused as follows:
Expiration Year Amount
2013 – 2017 $ 17,765
2018 – 2022 46,448
2023 – 2027 6,466
2028 – 2032 41,268
Unlimited 162,866
$ 274,813
8. Deferred Acquisition Costs
Information about deferred acquisition costs is as follows:
December31,
2012 2011 2010
Beginning balance $ 2,492,857 $ 2,366,183 $ 2,382,822
Costs deferred and other(1) 1,762,560 1,443,309 1,372,404
Amortization (1,394,254) (1,316,635) (1,389,043)
ENDING BALANCE $ 2,861,163 $ 2,492,857 $ 2,366,183
(1) Includes foreign currency translation
Refer to Note2, Recent Accounting Pronouncements—Adopted, for more information on amendments to existing accounting guidance.
9. Property and Equipment
Property and equipment consists of the following:
As of December31,
2012 2011
Land $ 14,359 $ 14,359
Buildings and improvements 236,444 222,327
Furniture,  xtures and equipment 481,382 475,462
TOTAL 732,185 712,148
Less accumulated depreciation (481,389) (469,240)
TOTAL $ 250,796 $ 242,908
Depreciation expense for 2012, 2011 and 2010 amounted to $49,595, $55,193 and $59,017, respectively. Depreciation expense is included in
underwriting, general and administrative expenses in the consolidated statements of operations.