Cabela's 2005 Annual Report Download - page 92

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CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(Dollar Amounts in Thousands Except Share and Per Share Amounts)
3. PROPERTY AND EQUIPMENT
Property and equipment included the following at each fiscal year end:
Useful Life
in Years
Fiscal Years Ended
2005 2004
Land and improvements .............................. 0–20 $ 86,458 $ 50,515
Buildings and improvements ........................... 40 216,339 142,767
Assets held under capital lease ......................... 30 8,728 8,728
Leasehold improvements .............................. 7–40 3,486 3,591
Furniture, fixtures and equipment ....................... 3–10 176,548 135,067
Capitalized software ................................. 3 18,134 14,053
Monuments and animal displays ........................ 10–15 23,465 14,738
Construction in progress .............................. 77,011 48,503
610,169 417,962
Less accumulated depreciation and amortization ........... (150,547) (123,821)
$ 459,622 $ 294,141
4. INTANGIBLE ASSETS
Intangible assets consisted of the following at each fiscal year end:
Amortization
Period in
Years
Fiscal Year Ended 2005
Cost
Accumulated
Amortization Net
Purchased credit card relationships ............ 4 $ 4,576 $(4,576) $ —
Deferred financing costs ..................... 3–17 1,353 (719) 634
Customer name lists ........................ 5 3,018 (1,973) 1,045
Non-compete agreement ..................... 7 1,463 (494) 969
Goodwill ................................. — 969 — 969
$11,379 $(7,762) $3,617
Amortization
Period in
Years
Fiscal Year Ended 2004
Cost
Accumulated
Amortization Net
Purchased credit card relationships ............ 4 $ 4,576 $(4,435) $ 141
Deferred financing costs ..................... 3–17 1,378 (599) 779
Customer name lists ........................ 5 3,018 (1,498) 1,520
Non-compete agreement ..................... 7 1,463 (317) 1,146
Goodwill ................................. — 969 — 969
$11,404 $(6,849) $4,555
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