Operating Property

12 Months Ended

Dec. 31, 2011

(6)

Operating Property

Operating property is summarized as follows (in thousands):


	Dec. 31, 2011		Dec. 25, 2010
Land	$	7,982	$	7,982
Leasehold improvements		10,180		10,038
Buildings and improvements		23,875		23,520
Trailing equipment		204,117		188,176
Other equipment		41,796		40,763

		287,950		270,479
Less accumulated depreciation and amortization		145,804		137,830

	$	142,146	$	132,649

Included above is $112,599,000 in 2011 and $114,017,000 in 2010 of operating property under capital leases, $76,603,000 and $70,154,000, respectively, net of accumulated amortization. Landstar acquired operating property by entering into capital leases in the amount of $34,044,000 in 2011, $14,986,000 in 2010 and $12,284,000 in 2009.

- 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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