XML 72 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property and Equipment
12 Months Ended
Dec. 31, 2013
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 9. Property and Equipment

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

 

     December 31,  
     2013     2012  

Land

   $ 9,855      $ 9,855   

Building and improvements

     35,212        72   

Leasehold improvements

     4,245        4,621   

Computer equipment and software

     74,751        65,515   

Furniture and equipment

     12,729        9,001   

Transportation equipment

     236,900        162,461   

Construction in process

     —          6,142   
  

 

 

   

 

 

 
     373,692        257,667   

Less: Accumulated depreciation and amortization

     (113,292     (100,083
  

 

 

   

 

 

 

Property and Equipment, net

   $ 260,400      $ 157,584   
  

 

 

   

 

 

 

The increase in building and improvements from $0.07 million in 2012 to $35.2 million in 2013 was due to the completion of our new corporate headquarters in Oak Brook, Illinois in December 2013. The $6.1 million balance of construction in progress from 2012 is now included in building and improvements as of December 31, 2013.

The increase in transportation equipment to $236.9 million in 2013 from $162.5 million in 2012 was due primarily to the purchase of tractors and containers.

Included in the transportation equipment is a capital lease obligation entered into for $26.4 million in 2011. The balances as of December 31, 2013 and 2012, net of accumulated amortization, were $20.0 million and $22.6 million, respectively.

Depreciation and amortization expense related to property and equipment was $20.2 million, $19.6 million and $14.8 million for 2013, 2012 and 2011, respectively, which includes $2.6 million, $2.6 million and $1.1 million of amortization expense associated with a capital lease for 2013, 2012 and 2011, respectively. This amortization expense is included in transportation costs. Transportation equipment depreciation is included in transportation costs.