Lifetime Fitness 2008 Annual Report Download - page 53

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
47
Inventories and Center Operating Supplies — Inventories and center operating supplies consist primarily of
operational supplies, nutritional products and uniforms. These inventories are stated at the lower-of-cost-or-market
value.
Inventories and center operating supplies consist of the following:
December 31,
2008 2007
Center operating supplies ........................................................................................ $ 5,434 $ 4,232
In-center businesses inventory ................................................................................ 7,122 7,144
Apparel and uniforms .............................................................................................. 1,798 2,693
Other ....................................................................................................................... 278 255
Total inventories and center operating supplies ..................................................... $14,632 $14,324
Prepaid Expenses and Other Current Assets — Prepaid expenses and other current assets consist primarily of other
prepaid operating expenses and deposits, prepaid lease obligation and deferred costs.
Prepaid expenses and other current assets consist of the following:
December 31,
2008 2007
Land held for sale ..................................................................................................
.
$ 552 $ 5,390
Insurance deposits .................................................................................................
.
473 2,664
Deferred costs ........................................................................................................
.
2,144 1,928
Prepaid lease obligations .......................................................................................
.
2,767 1,232
Due from affiliate ..................................................................................................
.
- 490
Other prepaid expenses and current assets ............................................................
.
5,058 4,259
Total prepaid expenses and other current assets .................................................... $10,994 $15,963