Sprouts Farmers Market 2013 Annual Report Download - page 111

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Table of Contents
Other current assets consists primarily of income taxes receivable and current portion of deferred financing costs.
7. Property and Equipment
A summary of property and equipment, net is as follows:
A summary of leased property and equipment under capital and financing lease obligations is as follows:
Depreciation expense was $47.2 million, $34.7 million and $22.3 million for 2013, 2012 and 2011, respectively.
106
As Of
December 29,
2013
December 30,
2012
Buildings
$
106,580
$
73,830
Furniture, fixtures and equipment
188,074
146,206
Leasehold improvements
167,530
145,291
Construction in progress
14,060
21,873
Total property and equipment
476,244
387,200
Accumulated depreciation and amortization
(127,414
)
(84,034
)
Property and equipment, net
$
348,830
$
303,166
As of
December 29,
2013
December 30,
2012
Capital Leases—Buildings
Gross asset balance
$
2,225
$
2,796
Accumulated depreciation
(742
)
(703
)
Net
$
1,483
$
2,093
Capital Leases—Equipment
Gross asset balance
842
857
Accumulated depreciation
(657
)
(420
)
Net
$
185
$
437
Financing Leases
Gross asset balance
104,355
71,034
Accumulated depreciation
(6,204
)
(3,674
)
Net
$
98,151
$
67,360