Property And Equipment

12 Months Ended

Dec. 31, 2011

NOTE 10. Property and Equipment

Property and equipment consist of the following (in thousands):


	December 31,
	2011			2010
Building and improvements	$	72		$	72
Leasehold improvements		2,515			2,222
Computer equipment and software		59,292			53,317
Furniture and equipment		8,534			8,141
Transportation equipment		136,691			54,316
Construction in process		1,101			—

		208,205			118,068
Less: Accumulated depreciation and amortization		(83,618	)		(70,262	)

Property and Equipment, net	$	124,587		$	47,806

The increase in transportation equipment to $136.7 million in 2011 from $54.3 million in 2010 was due primarily to the addition of containers of $45.6 million, chassis of $26.4 million and temperature controlled trailers related to the acquisition of Mode of $7.1 million, net of disposals.

Included in the 2011 transportation equipment balance is a capital lease obligation entered into for $26.4 million, in 2011, $25.3 million net of accumulated amortization as of December 31, 2011.

Depreciation and amortization expense related to property and equipment was $14.8 million, $8.0 million and $7.8 million for 2011, 2010 and 2009, respectively, which includes $1.1 million of amortization expense under a capital lease obligation for 2011. This amortization expense is included in transportation costs. Transportation equipment depreciation is included in transportation costs.

- 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.

+ References+ Details