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PROPERTY | 12 Months Ended
--- | ---
Mar. 29, 2012
PROPERTY |
PROPERTY |
NOTE 5—PROPERTY A summary of property is as follows:
(In thousands) |  | March 29, 2012 |  | March 31, 2011 |
--- | --- | --- | --- | --- | ---
Property owned: |  |  |  |  |  |  |
Land |  | $ | 50,134 |  | $ | 51,161 |
Buildings and improvements |  |  | 184,420 |  |  | 184,671 |
Leasehold improvements |  |  | 898,916 |  |  | 884,214 |
Furniture, fixtures and equipment |  |  | 1,309,969 |  |  | 1,338,915 |
|  |  | 2,443,439 |  |  | 2,458,961 |
Less—accumulated depreciation and amortization |  |  | 1,573,608 |  |  | 1,515,466 |
|  |  | 869,831 |  |  | 943,495 |
Property leased under capital leases: |  |  |  |  |  |  |
Buildings and improvements |  |  | 32,503 |  |  | 33,864 |
Less—accumulated amortization |  |  | 18,637 |  |  | 18,637 |
|  |  | 13,866 |  |  | 15,227 |
|  | $ | 883,697 |  | $ | 958,722 |
Property is recorded at cost or fair value, in the case of property resulting from acquisitions. The Company uses the straight-line method in computing depreciation and amortization for financial reporting purposes. The estimated useful lives for leasehold improvements reflect the shorter of the base terms of the corresponding lease agreements or the expected useful lives of the assets. The estimated useful lives are as follows:
Buildings and improvements |  | 5 to 40 years
Leasehold improvements |  | 1 to 20 years
Furniture, fixtures and equipment |  | 1 to 10 years
Expenditures for additions (including interest during construction) and betterments are capitalized, and expenditures for maintenance and repairs are charged to expense as incurred. The cost of assets retired or otherwise disposed of and the related accumulated depreciation and amortization are eliminated from the accounts in the year of disposal. Gains or losses resulting from property disposals are included in operating expense in the accompanying Consolidated Statements of Operations. Depreciation expense was $186,147,000, $182,939,000 and $163,506,000 for the periods ended March 29, 2012, March 31, 2011, and April 1, 2010, respectively.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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