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This excerpt taken from the AN 10-K filed Feb 17, 2010. Other Assets Other assets consist of various items, including, among other items, service loaner and rental vehicle inventory, net, the cash surrender value of corporate-owned life insurance held in a Rabbi Trust for deferred compensation plan participants, deferred tax assets, debt issuance costs, notes receivable, and investments in marketable securities. Debt issuance costs are amortized to Other Interest Expense in the accompanying Consolidated Statements of Operations using the effective interest method through maturity. These excerpts taken from the AN 10-K filed Feb 17, 2009. Other
Assets
Other assets consist of various items, including, among other
items, service loaner and rental vehicle inventory, net,
investments in marketable securities, the cash surrender value
of corporate-owned life insurance held in a Rabbi Trust for
deferred compensation plan participants, notes receivable,
restricted assets, and debt issuance costs. Debt issuance costs
are amortized to Other Interest Expense in the accompanying
Consolidated Income Statements using the effective interest
method through maturity.
Other Assets Other assets consist of various items, including, among other items, service loaner and rental vehicle inventory, net, investments in marketable securities, the cash surrender value of corporate-owned life insurance held in a Rabbi Trust for deferred compensation plan participants, notes receivable, restricted assets, and debt issuance costs. Debt issuance costs are amortized to Other Interest Expense in the accompanying Consolidated Income Statements using the effective interest method through maturity. These excerpts taken from the AN 10-K filed Feb 28, 2008. Other
Assets
Other assets consist of various items, including, among other
items, service loaner and rental vehicle inventory, net,
investments in marketable securities, the cash surrender value
of corporate-owned life insurance held in a Rabbi Trust for
deferred compensation participants, property held for sale,
notes receivable, restricted assets, and debt issuance costs.
Debt issuance costs are amortized to Other Interest Expense in
the accompanying Consolidated Income Statements using the
effective interest method through maturity.
We had property held for sale of $10.9 million at
December 31, 2007, and $18.7 million at
December 31, 2006.
Other Assets Other assets consist of various items, including, among other items, service loaner and rental vehicle inventory, net, investments in marketable securities, the cash surrender value of corporate-owned life insurance held in a Rabbi Trust for deferred compensation participants, property held for sale, notes receivable, restricted assets, and debt issuance costs. Debt issuance costs are amortized to Other Interest Expense in the accompanying Consolidated Income Statements using the effective interest method through maturity. We had property held for sale of $10.9 million at December 31, 2007, and $18.7 million at December 31, 2006. This excerpt taken from the AN 10-K filed Feb 28, 2007. Other
Assets
Other assets consist of various items, net of applicable
amortization, including, among other items, service loaner and
rental vehicle inventory, net, investments in marketable
securities, property held for sale, notes receivable, restricted
assets and debt issuance costs. Debt issuance costs are
amortized to Other Interest Expense using the effective interest
method through maturity.
At December 31, 2006 and 2005, the Company had
$18.7 million and $22.0 million, respectively, of
property held for sale.
This excerpt taken from the AN 10-K filed Feb 24, 2005. Other Assets
Other assets consist of various items, net of applicable amortization, including, among other items, service loaner and rental vehicle inventory which is not available for sale, property held-for-sale, notes receivable and debt issuance costs. Debt issuance costs are amortized to Other Interest Expense using the effective interest method through maturity. At December 31, 2004 and 2003, the Company had $31.1 million and $59.3 million, respectively, of property held-for-sale. In 2003, the Company recognized a $27.5 million real estate impairment charge to write-down to fair value three underperforming franchised new vehicle stores. Of the charge, $17.6 million was included in Other Losses (Gains) related to two stores currently operating in converted used vehicle megastores. The remainder of the charge, $9.9 million (or $6.1 million, net of taxes), was included in Loss from Discontinued Operations in the 2003 Consolidated Income Statement related to a store that operated in converted used vehicle megastore which has been closed. In 2002, the Company decided to relocate a franchised new vehicle store located in a former megastore property and recognized an impairment on the property to be vacated of $9.5 million, which has been included in Other Losses (Gains) in the accompanying 2002 Consolidated Income Statement.
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