Nautilus 2004 Annual Report Download - page 50

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Table of Contents
6. PROPERTY, PLANT AND EQUIPMENT, net
Details of property, plant and equipment are summarized as follows at December 31:
7. OTHER ASSETS, net
Estimated
Useful Life
(in years)
2004
2003
Land
N/A
$
2,289
$
3,468
Buildings and improvements
7 to 31.5
22,431
21,964
Computer equipment
2 to 5
32,587
28,159
Production equipment
3 to 5
18,898
16,838
Furniture and fixtures
5
1,713
1,608
Automobiles
7
430
590
Total property, plant and equipment
78,348
72,627
Accumulated depreciation
(31,998
)
(22,025
)
Property, plant and equipment, net
$
46,350
$
50,602
Details of other assets are summarized as follows at December 31:
Amortization of intangible assets for the years ended December 31, 2004 and 2003 was $401 and $362, respectively. The estimated
amortization expense for the next five years is approximately $460 each year. Such estimated amortization will change if businesses or portions
thereof are either acquired or disposed, or if changes in events or circumstances warrant the revision of estimated useful lives.
8. ACCRUED LIABILITIES
Estimated
Useful Life
(in years)
2004
2003
Indefinite life trademarks
N/A
$
10,465
$
10,465
Definite life trademarks
20
6,800
6,800
Other assets
2 to 17
2,356
1,558
Total other assets
19,621
18,823
Accumulated amortization
–
trademarks
(1,777
)
(1,417
)
Accumulated amortization
–
patents
(181
)
(140
)
Other assets, net
$
17,663
$
17,266
Accrued liabilities consisted of the following at December 31:
48
2004
2003
Accrued payroll
$
8,581
$
9,438
Accrued warranty expense
7,537
7,348
Product safety reinforcement (recall) reserve
—
3,000
Sales return reserve
1,785
1,702
Accrued other
6,782
7,160
Accrued liabilities
$
24,685
$
28,648