Overstock.com 2014 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 of the 2014 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.-
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
 |
 |
Table of Contents
Inventories consist of the following (in thousands):
Product inventory
$ 17,117
$ 18,841
Inventory in-transit
9,091
8,202
Total inventories, net
$ 26,208
$ 27,043
Prepaids and other assets consist of the following (in thousands):
Prepaid maintenance
$ 6,872
$ 6,949
Prepaid other
4,231
1,993
Prepaid advertising
1,518
1,356
Total prepaids and other assets
$ 12,621
$ 10,298
Fixed assets consist of the following (in thousands):
Computer hardware and software, including internal-use software and website development
$ 156,700
$ 170,702
Land
10,861
—
Furniture and equipment
10,605
14,457
Leasehold improvements
7,630
6,539
Construction in progress - building
5,810
—
191,606
191,698
Less: accumulated depreciation and amortization
(139,535)
(164,504)
Total fixed assets, net
$ 52,071
$ 27,194
Depreciation of property and equipment totaled $18.1 million, $14.5 million, and $16.0 million for the years ended December 31, 2014, 2013 and
2012, respectively. Fixed assets included assets under capital leases of $4.7 million and $4.2 million, and accumulated depreciation related to assets under
capital leases of $2.8 million and $2.1 million, at December 31, 2014 and 2013, respectively. Depreciation expense of assets recorded under capital leases
was $707,000 and $429,000 for the years ended December 31, 2014 and 2013, respectively. During 2014, we retired $43 million of fully depreciated fixed
assets that were removed from service in 2014.
93