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This excerpt taken from the AN 10-K filed Feb 17, 2010. Lease Commitments We lease real property, equipment, and software under various operating leases, most of which have terms from one to twenty years. We account for leases under related accounting guidance and other authoritative literature. Expenses under real property, equipment, and software leases were $67.8 million in 2009, $58.6 million in 2008, and $61.3 million in 2007. The leases require payment of real estate taxes, insurance, and maintenance in addition to rent. Most of the leases contain renewal options and rent escalation clauses. Lease expense is recognized on a straight-line basis over the term of the lease, including any option periods, as appropriate. The same lease term is used for lease classification, the amortization period of related leasehold improvements, and the estimation of future lease commitments. Future minimum lease obligations under non-cancelable real property, equipment, and software leases with initial terms in excess of one year at December 31, 2009, are as follows:
These excerpts taken from the AN 10-K filed Feb 17, 2009. Lease
Commitments
We lease real property, equipment, and software under various
operating leases, most of which have terms from one to twenty
years. We account for leases under SFAS No. 13,
Accounting for Leases, and other related authoritative
literature.
Expenses under real property, equipment, and software leases
were $62.6 million in 2008, $64.5 million in 2007, and
$56.0 million in 2006. The leases require payment of real
estate taxes, insurance, and maintenance in addition to rent.
Most of the leases contain renewal options and escalation
clauses. Lease expense is recognized on a straight-line basis
over the term of the lease, including any option periods, as
appropriate. The same lease term is used for lease
classification, the amortization period of related leasehold
improvements, and the estimation of future lease commitments.
AUTONATION,
INC.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Future minimum lease obligations under non-cancelable real
property, equipment, and software leases with initial terms in
excess of one year at December 31, 2008, are as follows:
Lease Commitments We lease real property, equipment, and software under various operating leases, most of which have terms from one to twenty years. We account for leases under SFAS No. 13, Accounting for Leases, and other related authoritative literature. Expenses under real property, equipment, and software leases were $62.6 million in 2008, $64.5 million in 2007, and $56.0 million in 2006. The leases require payment of real estate taxes, insurance, and maintenance in addition to rent. Most of the leases contain renewal options and escalation clauses. Lease expense is recognized on a straight-line basis over the term of the lease, including any option periods, as appropriate. The same lease term is used for lease classification, the amortization period of related leasehold improvements, and the estimation of future lease commitments.
AUTONATION, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Future minimum lease obligations under non-cancelable real property, equipment, and software leases with initial terms in excess of one year at December 31, 2008, are as follows:
These excerpts taken from the AN 10-K filed Feb 28, 2008. Lease
Commitments
We lease real property, equipment, and software under various
operating leases most of which have terms from one to twenty
years. We account for leases under SFAS No. 13,
“Accounting for Leases”, and other related
authoritative literature.
Table of Contents
AUTONATION,
INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
Expenses under real property, equipment, and software leases
were $66.9 million in 2007, $58.2 million in 2006, and
$57.4 million in 2005. The leases require payment of real
estate taxes, insurance, and maintenance in addition to rent.
Most of the leases contain renewal options and escalation
clauses. Lease expense is recognized on a straight-line basis
over the term of the lease, including any option periods, as
appropriate. The same lease term is used for lease
classification, the amortization period of related leasehold
improvements, and the estimation of future lease commitments.
Future minimum lease obligations under non-cancelable real
property, equipment, and software leases with initial terms in
excess of one year at December 31, 2007, are as follows:
Lease Commitments We lease real property, equipment, and software under various operating leases most of which have terms from one to twenty years. We account for leases under SFAS No. 13, “Accounting for Leases”, and other related authoritative literature.
Table of ContentsAUTONATION, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Expenses under real property, equipment, and software leases were $66.9 million in 2007, $58.2 million in 2006, and $57.4 million in 2005. The leases require payment of real estate taxes, insurance, and maintenance in addition to rent. Most of the leases contain renewal options and escalation clauses. Lease expense is recognized on a straight-line basis over the term of the lease, including any option periods, as appropriate. The same lease term is used for lease classification, the amortization period of related leasehold improvements, and the estimation of future lease commitments. Future minimum lease obligations under non-cancelable real property, equipment, and software leases with initial terms in excess of one year at December 31, 2007, are as follows:
This excerpt taken from the AN 10-K filed Feb 28, 2007. Lease
Commitments
The Company leases real property, equipment and software under
various operating leases most of which have terms from one to
twenty years. The Company accounts for leases under
SFAS No. 13, “Accounting for Leases”, and
other related authoritative literature.
Expenses under real property, equipment and software leases were
$60.7 million, $59.8 million and $56.7 million
for the years ended December 31, 2006, 2005 and 2004,
respectively. The leases require payment of real estate taxes,
insurance and common area maintenance in addition to rent. Most
of the leases contain renewal options and escalation clauses.
Lease expense is recognized on a straight-line basis over the
term of the lease, including any option periods, as appropriate.
The same lease term is used for lease classification, the
amortization period of related leasehold improvements and the
estimation of future lease commitments.
Future minimum lease obligations under non-cancelable real
property, equipment and software leases with initial terms in
excess of one year at December 31, 2006 are as follows:
This excerpt taken from the AN 10-K filed Feb 24, 2005. Lease Commitments
The Company leases real property, equipment and software under various operating leases most of which have terms from one to twenty years. Expenses under real property, equipment and software leases were $62.8 million, $74.0 million and $72.8 million for the years ended December 31, 2004, 2003 and 2002, respectively. The leases require payment of real estate taxes, insurance and common area maintenance in addition to rent. Most of the leases contain renewal options and escalation clauses. Future minimum lease obligations under non-cancelable real property, equipment and software leases with initial terms in excess of one year at December 31, 2004 are as follows:
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