Cabela's 2012 Annual Report Download - page 100

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90
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
6. PROPERTY AND EQUIPMENT
Property and equipment consisted of the following at the years ended:
Depreciable Life
in Years 2012 2011
Land and improvements Up to 20 $ 185,916 $ 169,839
Buildings and improvements 7 to 40 640,666 549,793
Furniture, fixtures and equipment 3 to 15 551,904 516,323
Assets held under capital lease Up to 30 13,255 14,363
Property and equipment 1,391,741 1,250,318
Less accumulated depreciation and amortization (473,847) (413,993)
917,894 836,325
Construction in progress 103,762 30,574
$ 1,021,656 $ 866,899
7. SECURITIES
Economic development bonds, which are all classified as available-for-sale, consisted of the following at the
years ended:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
December 29, 2012 $ 74,545 $ 10,496 $ - $ 85,041
December 31, 2011 $ 81,881 $ 4,682 $ - $ 86,563
The carrying value and fair value of these securities classified by estimated maturity based on expected
future cash flows at the end of 2012 were as follows:
Amortized
Cost
Fair
Value
For the fiscal years ending:
2013 $ 1,976 $ 2,252
2014 2,779 3,210
2015 2,582 3,039
2016 2,647 3,127
2017 2,127 2,581
2018 - 2022 21,069 24,269
2023 and thereafter 41,365 46,563
$ 74,545 $ 85,041
Interest earned on the securities totaled $4,931, $6,143, and $6,256, for 2012, 2011, and 2010, respectively.
There were no realized gains or losses on these securities in 2012, 2011, or 2010.