Cash America 2010 Annual Report Download - page 114

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
85
6. Property and Equipment
Major classifications of property and equipment at December 31, 2010 and 2009 were as follows (in
thousands):
As of December 31,
2010 2009
Accumulated Accumulated
Cost Depreciation Net Cost Depreciation Net
Land $5,168 $ - $5,168 $5,168 $ - $5,168
Buildings and leasehold improvements 185,469 (99,705) 85,764 164,833 (87,604) 77,229
Furniture, fixtures and equipment 115,576 (76,185) 39,391 98,497 (66,985) 31,512
Computer software 131,826 (39,829) 91,997 110,398 (30,570) 79,828
Total $ 438,039 $ (215,719) $ 222,320 $ 378,896 $ (185,159) $ 193,737
The Company recognized depreciation expense of $39.1 million, $35.6 million and $35.4 million during 2010,
2009 and 2008, respectively.
7. Goodwill and Other Intangible Assets
Goodwill and other intangible assets having an indefinite useful life are tested for impairment at least annually. The
Company realigned its reportable segments in the second quarter of 2010, and allocated a portion of the goodwill
relating to its previously reported cash advance segment to the retail services segment based on the relative fair values
of those reporting units. The remainder of the goodwill related to the previously reported cash advance segment
remained in the e-commerce segment. As a result of the segment realignment, the Company reallocated approximately
$40.5 million of goodwill from the e-commerce segment to the retail services segment as of January 1, 2009. In
addition, acquisition and purchase price adjustments affecting goodwill for the years ended December 31, 2010 and
2009 have been reallocated based on the relative fair values of the reporting units.