Operating Property

12 Months Ended

Dec. 27, 2014

(6) Operating Property

Operating property is summarized as follows (in thousands):


	Dec. 27, 2014		Dec. 28, 2013
Land	$	9,148	$	9,148
Buildings and improvements		38,790		33,160
Trailing equipment		267,685		245,430
Other equipment		47,261		47,576

Total operating property, gross		362,884		335,314
Less accumulated depreciation and amortization		160,681		157,985

Total operating property, net	$	202,203	$	177,329

Included above is $188,311,000 in 2014 and $144,503,000 in 2013 of operating property under capital leases, $143,311,000 and $116,379,000, respectively, net of accumulated amortization. Landstar acquired operating property by entering into capital leases in the amount of $47,232,000 in 2014, $49,138,000 in 2013 and $43,077,000 in 2012.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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