Netgear 2009 Annual Report Download - page 73

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Table of Contents
Property and equipment, net, consists of the following:
Depreciation and amortization expense pertaining to property and equipment in 2009, 2008 and 2007 was $7.3 million, $6.3 million and
$5.3 million, respectively.
Goodwill
Activity related to goodwill consisted of the following:
During 2009, the Company recorded $3.5 million of goodwill associated with a $3.5 million earn-
out payment made in connection with the
Company’s 2008 acquisition of CP Secure (see Note 2 of the Notes to Consolidated Financial Statements). The Company also recorded an
additional $39,000 of goodwill associated with additional acquisition costs related to the Company’s 2008 acquisition of CP Secure, and
recorded a $31,000 reduction in goodwill associated with the Company’s 2007 acquisition of Infrant.
71
December 31,
2009
2008
Computer equipment
$
5,084
$
6,101
Furniture, fixtures and leasehold improvements
8,435
8,734
Software
17,954
18,083
Machinery
11,549
8,923
Construction in progress
415
158
43,437
41,999
Less: Accumulated depreciation and amortization
(26,546
)
(21,707
)
$
16,891
$
20,292
Year Ended December 31,
2009
2008
Balance as of beginning of the period
$
61,400
$
41,985
Additions related to earn
-
out payments
3,500
8,729
Net additions related to acquisitions
8
10,686
Balance at end of period
$
64,908
$
61,400