Cabela's 2013 Annual Report Download - page 95

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85
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
5. PROPERTY AND EQUIPMENT
Property and equipment consisted of the following at the years ended:
Depreciable Life
in Years 2013 2012
Land and improvements Up to 20 $ 216,826 $ 185,916
Buildings and improvements 7 to 40 780,116 640,666
Furniture, fixtures, and equipment 3 to 15 643,394 551,904
Assets held under capital lease Up to 30 15,611 13,255
Property and equipment 1,655,947 1,391,741
Less accumulated depreciation and amortization (550,101) (473,847)
1,105,846 917,894
Construction in progress 181,699 103,762
$ 1,287,545 $ 1,021,656
6. SECURITIES
Economic development bonds, which are classified as available-for-sale, consisted of the following at the
years ended:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair Value
December 28, 2013 $ 71,072 $ 7,432 $ - $ 78,504
December 29, 2012 $ 74,545 $ 10,496 $ - $ 85,041
The carrying value and fair value of these securities classified by estimated maturity based on expected
future cash flows at the end of 2013 were as follows:
Amortized
Cost Fair
Value
For the fiscal years ending:
2014 $ 1,777 $ 2,048
2015 2,348 2,717
2016 2,709 3,115
2017 2,827 3,221
2018 3,247 3,675
2019 - 2023 23,463 26,287
2024 and thereafter 34,701 37,441
$ 71,072 $ 78,504
Interest earned on the securities totaled $4,103, $4,931, and $6,143 for 2013, 2012, and 2011, respectively.
There were no realized gains or losses on these securities in 2013, 2012, or 2011.