Overstock.com 2011 Annual Report Download - page 118

Download and view the complete annual report

Please find page 118 of the 2011 Overstock.com 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.

Page out of 155

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155

Table of Contents
Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
8. FIXED ASSETS
Fixed assets consist of the following (in thousands):
December 31,
2011 2010
Computer hardware and software, including internal-use software and website
development $ 141,435 $ 129,953
Furniture and equipment 13,945 13,204
Leasehold improvements 5,445 5,206
160,825 148,363
Less: accumulated depreciation and amortization (135,503) (120,563)
Total fixed assets $ 25,322 $ 27,800
Depreciation and amortization of property and equipment totaled $16.4 million, $14.6 million, and $12.9 million for the years ended December 31, 2011,
2010 and 2009, respectively. Fixed assets included assets under capital leases of $1.7 million and $1.7 million, and accumulated amortization related to assets
under capital leases of $1.5 million and $902,000 at December 31, 2011 and 2010, respectively.
9. OTHER LONG-TERM ASSETS
Other long-term assets consist of the following (in thousands):
December 31,
2011 2010
Prepaid expenses, long-term portion $ 1,762 $ 807
Prepaid other 498 598
Total other long-term assets $ 2,260 $ 1,405
F-22