Nutrisystem 2008 Annual Report Download - page 54

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The total purchase price of $5,717 has been allocated to identifiable intangible assets ($3,000) and goodwill
($2,717). Pro forma statement of operations data is not included for NuKitchen as the operations are not material
in relation to the consolidated financial statements.
4. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
The following summarizes cash, cash equivalents and marketable securities:
Cost
Accrued
Interest
Fair
Value
Cash and cash equivalents
Demand deposits .................................................... $14,828 $— $14,828
Money market accounts ............................................... 23,481 — 23,481
December 31, 2008 .................................................. $38,309 $— $38,309
Cash and cash equivalents
Demand deposits .................................................... $ 4,694 $— $ 4,694
Money market accounts ............................................... 35,985 — 35,985
December 31, 2007 .................................................. $40,679 $— $40,679
Marketable securities
Auction-rate securities ................................................ $ 1,750 $ 19 $ 1,769
December 31, 2007 .................................................. $ 1,750 $ 19 $ 1,769
As of December 31, 2007, auction rate securities consisted primarily of variable interest bonds of housing
agencies. These securities were sold at par value in January 2008.
5. FIXED ASSETS
Fixed assets consist of the following:
December 31,
2008 2007
Furniture and fixtures .............................................. $ 3,591 $ 3,192
Computer hardware and software .................................... 27,158 17,559
Equipment ...................................................... 5,678 6,064
Leasehold improvements ........................................... 4,229 4,089
40,656 30,904
Accumulated depreciation .......................................... (16,344) (9,032)
$ 24,312 $21,872
Depreciation and amortization expense was $8,098, $5,812 and $2,464 in 2008, 2007 and 2006, respectively.
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