Overstock.com 2015 Annual Report Download - page 106
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Table of Contents
Fixed assets consist of the following (in thousands):
Computer hardware and software, including internal-use software and website development
$ 175,701
$ 156,700
Construction in progress - building
44,811
5,810
Land
10,861
10,861
Furniture and equipment
11,396
10,605
Leasehold improvements
7,753
7,630
250,522
191,606
Less: accumulated depreciation
(156,826)
(139,535)
Total fixed assets, net
$ 93,696
$ 52,071
Depreciation of property and equipment totaled $23.5 million, $18.0 million, and $14.4 million for the years ended December 31, 2015, 2014 and
2013, respectively. During 2015, we retired $6.2 million of fully depreciated fixed assets that were removed from service in 2015.
Fixed assets included assets under capital leases and finance obligations of $10.0 million and $4.7 million, at December 31, 2015 and 2014,
respectively. Accumulated depreciation related to assets under capital leases and finance obligations was $4.6 million and $2.8 million, at December 31,
2015 and 2014, respectively.
Depreciation expense of assets recorded under capital leases and finance obligations was $1.6 million, $707,000 and $429,000 for the years ended
December 31, 2015, 2014 and 2013, respectively.
Other long-term assets consist of the following (in thousands):
Cost method investments
$ 7,000
$ —
Other long-term assets
840
472
Prepaid expenses, long-term portion
778
1,156
Capitalized debt issuance costs
696
849
Total other long-term assets
$ 9,314
$ 2,477
104