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TRAK » Topics » Capital Leases

These excerpts taken from the TRAK 10-K filed Feb 24, 2009.
Capital Leases
 
The following is an analysis of the leased property under capital leases by major property class (in thousands):
 
                 
    As of December 31,  
    2008     2007  
 
Computer equipment
  $ 1,486     $ 1,486  
Furniture and fixtures
    203       203  
                 
      1,689       1,689  
Less: Accumulated depreciation
    (870 )     (274 )
                 
    $ 819     $ 1,415  
                 


84

Table of Contents

Future minimum rental payments under the capital leases are as follows (in thousands):
 
         
Years Ending December 31,
     
 
2009
  $ 417  
2010
    349  
2011
    115  
         
Total minimum lease payments
    881  
Less: Amount representing taxes, included in total minimum lease payments
    (50 )
         
Net minimum lease payments
    831  
Less: Amount representing interest
    (67 )
         
Present value of net minimum lease payments
  $ 764  
         
 
Capital
Leases


 



The following is an analysis of the leased property under
capital leases by major property class (in thousands):


 


























































































































                 

 

 

As of December 31,

 

 

 

2008

 

 

2007

 
 


Computer equipment


 

$

1,486

 

 

$

1,486

 


Furniture and fixtures


 

 

203

 

 

 

203

 

 

 

 

 

 

 

 

 

 

 

 

 

1,689

 

 

 

1,689

 


Less: Accumulated depreciation


 

 

(870

)

 

 

(274

)

 

 

 

 

 

 

 

 

 

 

 

$

819

 

 

$

1,415

 

 

 

 

 

 

 

 

 

 









84




Table of Contents






Future minimum rental payments under the capital leases are as
follows (in thousands):


 









































































































         


Years Ending December 31,


 

 

 
 


2009


 

$

417

 


2010


 

 

349

 


2011


 

 

115

 

 

 

 

 

 


Total minimum lease payments


 

 

881

 


Less: Amount representing taxes, included in total minimum lease
payments


 

 

(50

)

 

 

 

 

 


Net minimum lease payments


 

 

831

 


Less: Amount representing interest


 

 

(67

)

 

 

 

 

 


Present value of net minimum lease payments


 

$

764

 

 

 

 

 

 






 




This excerpt taken from the TRAK 10-K filed Mar 16, 2007.
Capital Leases
 
The following is an analysis of the leased property under capital leases by major property class (in thousands):
 
                 
    As of December 31,  
    2006     2005  
 
Computer equipment
  $ —     $ 1,526  
Less: Accumulated depreciation
    —       (1,097 )
                 
    $ —     $ 429  
                 


83

Table of Contents

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 24, 2009
10-K
Mar 16, 2007

RELATED TOPICS for TRAK:

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