Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Note C: Property, Plant and Equipment

Following is a summary of the Company’s property, plant, and equipment at December 31:


(In Thousands)	2011			2010
Land	$	25,882		$	25,067
Buildings and Improvements		81,566			74,216
Leasehold Improvements and Signs		116,632			100,031
Fixtures and Equipment		133,615			109,458
Assets Under Capital Leases:
with Related Parties		7,641			8,501
with Unrelated Parties		10,564			10,564
Construction in Progress		5,444			9,485

		381,344			337,322
Less: Accumulated Depreciation and Amortization		(154,725	)		(132,410	)

	$	226,619		$	204,912

Amortization expense on assets recorded under capital leases is included in operating expenses and was $1.2 million, $1.9 million and $1.2 million in 2011, 2010 and 2009, respectively. Capital leases consist of buildings and improvements. Assets under capital leases with related parties included $4.2 million and $4.0 million in accumulated depreciation and amortization as of December 31, 2011 and 2010, respectively. Assets under capital leases with unrelated parties included $3.8 million and $3.2 million in accumulated depreciation and amortization as of December 31, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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