Nautilus 2015 Annual Report Download - page 50
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Please find page 50 of the 2015 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(7) PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consisted of the following (in thousands):
Estimated
Useful Life
(in years)
December 31,
2015
2014
Automobiles 5 to 6
$ 139
$ 23
Leasehold improvements 5 to 20
3,397 2,144
Computer equipment 3 to 7
23,991 25,397
Machinery and equipment 3 to 5
10,867 6,709
Furniture and fixtures 5
1,605 1,108
Work in progress (1) N/A
1,655 421
Total cost
41,654 35,802
Accumulated depreciation
(24,890) (26,168)
$ 16,764 $ 9,634
(1) Work in progress includes computer hardware and software and production tooling construction in progress.
Depreciation expense was as follows (in thousands):
Year Ended December 31,
2015
2014 2013
Depreciation expense $ 2,558
$ 1,983 $ 1,254
(8) GOODWILL
The rollforward of goodwill was as follows (in thousands):
Direct
Retail
Total
Balance, January 1, 2013 $ 2,940
$ —
$ 2,940
Currency exchange rate adjustment (200)
—
(200)
Balance, December 31, 2013 2,740
—
2,740
Currency exchange rate adjustment (220)
—
(220)
Balance, December 31, 2014 2,520
—
2,520
Currency exchange rate adjustment (407)
—
(407)
Business acquisition (Note 2) —
58,357
58,357
Balance, December 31, 2015 $ 2,113
$ 58,357
$ 60,470
(9) OTHER INTANGIBLE ASSETS
Other intangible assets consisted of the following (in thousands):
Estimated
Useful Life
(in years)
December 31,
2015
2014
Indefinite-lived trademarks N/A
$ 32,052 $ 9,052
Definite-lived trademarks 10 to 15
2,600
—
Patents 8to 24
31,487 18,154
Customer relationships 10 to 15
24,700
—
90,839 27,206
Accumulated amortization - definite-lived intangible assets
(17,485) (16,631)
$ 73,354 $ 10,575
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