Overstock.com 2007 Annual Report Download - page 113

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Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
7. PROPERTY AND EQUIPMENT
Property and equipment consists of the following (in thousands):
December 31,
2006 2007
Computer hardware and software $ 95,385 $ 95,652
Furniture and equipment 11,534 11,351
Leasehold improvements 2,169 —
109,088 107,003
Less: accumulated depreciation and amortization (52,890) (79,806)
$ 56,198 $ 27,197
Depreciation and amortization of property and equipment totaled $14.0 million, $32.2 million, and $29.5 million for the years ended December 31, 2005,
2006 and 2007, respectively. The Company incurred additional depreciation and amortization expense related to decreases in useful lives of certain fixed
assets and leasehold improvement in connection with the Company's facilities consolidation. This additional depreciation expense was included in
restructuring expense (see "Note 3—Restructuring Expense").
Property and equipment included assets under capital leases of $19.8 million at December 31, 2006 and 2007, and accumulated amortization related to
assets under capital leases of $12.4 million and $19.1 million at December 31, 2006 and 2007, respectively.
8. OTHER LONG-TERM ASSETS
Other long-term assets consist of the following (in thousands):
December 31,
2006 2007
Domain names $ 466 $ 490
Intangibles 26 20
Less: accumulated amortization (435) (456)
57 54
Deferred financing fees, net 173 —
Deposits and long-term prepaids 348 32
$ 578 $ 86
Amortization of domain names and intangibles totaled $142,000, $110,000 and $21,000 for the years ended December 31, 2005, 2006 and 2007,
respectively.
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