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Leasehold Improvements, Equipment, Land and Construction in Progress, net
12 Months Ended
Dec. 31, 2014
Leasehold Improvements, Equipment, Land and Construction in Progress, net  
Leasehold Improvements, Equipment, Land and Construction in Progress, net

5. Leasehold Improvements, Equipment, Land and Construction in Progress, net

        Leasehold improvements, equipment, and construction in progress and related accumulated depreciation and amortization is as follows:

                                                                                                                                                                                    

 

 

 

 

December 31

 

 

 

Ranges of Estimated Useful Life

 

2014

 

2013

 

Equipment

 

2 - 5 Years

 

 

33,576

 

$

30,563

 

Software

 

3 - 10 Years

 

 

24,104

 

 

19,063

 

Vehicles

 

4 Years

 

 

8,585

 

 

8,075

 

Other

 

10 Years

 

 

311

 

 

282

 

Leasehold improvements

 

Shorter of lease term or economic life up to 10 years

 

 

20,420

 

 

18,642

 

Construction in progress

 

 

 

 

2,098

 

 

5,212

 

​  

​  

​  

​  

 

 

 

 

 

89,094

 

 

81,837

 

Less accumulated depreciation and amortization

 

 

 

 

(47,560

)

 

(38,202

)

​  

​  

​  

​  

 

 

 

 

 

41,534

 

 

43,635

 

Land

 

 

 

 

1,250

 

 

1,250

 

​  

​  

​  

​  

Leasehold improvements, equipment, land and construction in progress, net

 

 

 

$

42,784

 

$

44,885

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Asset additions are recorded at cost, which includes interest on significant projects. Depreciation is provided in amounts sufficient to relate the cost of depreciable assets to operations over their estimated useful lives or over the terms of the respective leases, whichever is shorter, and depreciated principally on the straight-line basis. The costs and accumulated depreciation of assets sold or disposed of are removed from the accounts and the resulting gain or loss is reflected in earnings. Plant and equipment are reviewed for impairment when conditions indicate an impairment or future impairment; the assets are either written down or the useful life is adjusted to the remaining period of estimated useful life.

        Depreciation expense was $12,020, $10,403 and $6,672 in 2014, 2013 and 2012, respectively. Depreciation includes gain on sale of assets, net of loss on sale and abandonments of leasehold improvements and equipment, of $329 for the year ended December 31, 2014. For the years ended December 31, 2013 and 2012, depreciation includes net loss on sale and abandonments of leasehold improvements and equipment of $1,614 and $80, respectively. During the year ended December 31, 2013, we sold our equity interest in land for $2,322 and recognized a gain on sale of $1,191.