Overstock.com 2009 Annual Report Download - page 124

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Table of Contents
Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
9. INVENTORIES
Inventories consist of the following (in thousands):
December 31,
2008 2009
(Restated)
Product inventory $ 14,936 $ 15,357
Inventory in-transit 9,783 8,018
Total inventories $ 24,719 $ 23,375
10. PREPAIDS AND OTHER ASSETS
Prepaids and other assets consist of the following (in thousands):
December 31,
2008 2009
(Restated)
Prepaid maintenance $ 5,039 $ 6,628
Prepaid advertising 1,786 2,255
Prepaid other 2,727 1,392
Total prepaids and other assets $ 9,552 $ 10,275
11. FIXED ASSETS
Fixed assets consist of the following (in thousands):
December 31,
2008 2009
(Restated)
Computer hardware and software, including internal-use software and
website development $ 109,398 $ 113,315
Furniture and equipment 12,288 12,389
Leasehold improvements 3,549 3,820
125,235 129,524
Less: accumulated depreciation and amortization (100,511) (108,906)
Total fixed assets $ 24,724 $ 20,618
Depreciation and amortization of property and equipment totaled $29.5 million, $23.0 million, and $12.9 million for the years ended December 31, 2007,
2008 and 2009, respectively. Fixed assets included assets under capital leases of $19.8 million and $1.7 million at December 31, 2008 and 2009, and
accumulated amortization related to assets under capital leases of $19.3 million and $335,000 at December 31, 2008 and 2009, respectively.
F-29