Buffalo Wild Wings 2006 Annual Report Download - page 44

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BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 31, 2006 and December 25, 2005
(Dollar amounts in thousands, except per-share amounts)
(2) Marketable Securities
Marketable securities were comprised as follows:
December 31,
2006
December 25,
2005
Held-to-maturity
33,522
Municipal securities 14,887
Available-for-sale
18,019
Municipal securities 33,531
Trading
Mutual funds 1,288 —
Total $ 52,829 48,418
Purchases of available for-sale securities totaled $71,585 in 2006 with sales totaling $87,205. Purchases of held-to-
maturity securities totaled $36,743 in 2006 with proceeds from maturities totaling $18,054. All held-to-maturity debt
securities mature within one year and had aggregate fair values of $33,512 at December 31, 2006.
Purchases of available for-sale securities totaled $63,738 in 2005 with sales totaling $46,743. Purchases of held-to-
maturity securities totaled $27,800 in 2005 with proceeds from maturities totaling $32,742. All held-to-maturity debt
securities mature within one year and had aggregate fair values of $14,862 at December 25, 2005.
Purchases of available for-sale securities totaled $69,948 in 2004 with sales totaling $53,244. Purchases of held-to-
maturity securities totaled $25,527 in 2004 with proceeds from maturities totaling $5,626. All held-to-maturity debt securities
mature within one year and had aggregate fair values of $19,812 at December 26, 2004.
The fair value of available-for-sale investments in debt securities by contractual maturities at December 31, 2006, is as
follows:
Maturity date
Fair Value
1-5 years $ 503
5-10 years 2,965
After 10 years 14,551
Total $ 18,019
(3
) Property and Equipment
Property and equipment consisted of the following:
Decembe 31, r
2006
Decembe 25, r
2005
Construction in process $ 1,037 956
Leasehold improvements 77,794 64,535
Furniture, fixtures, and equipment 53,994 45,279
132,825 110,770
Less accumulated depreciation (54,688) (42,077)
$ 78,137 68,693
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