MWY » Topics » Property and Equipment

These excerpts taken from the MWY 10-K filed Apr 6, 2009.
Property and Equipment
 
Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives ranging from three to eight years for furniture, fixtures, equipment and computer software and the lesser of the lease term or ten years for leasehold improvements. Repair and maintenance costs are expensed as incurred.
 
Property and Equipment
 
Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives ranging from three to eight years for furniture, fixtures, equipment and computer software and the lesser of the lease term or ten years for leasehold improvements. Repair and maintenance costs are expensed as incurred.
 
Property
and Equipment



 



Property and equipment are stated at cost and depreciated by the
straight-line method over their estimated useful lives ranging
from three to eight years for furniture, fixtures, equipment and
computer software and the lesser of the lease term or ten years
for leasehold improvements. Repair and maintenance costs are
expensed as incurred.


 




Property
and Equipment



 



Property and equipment are stated at cost and depreciated by the
straight-line method over their estimated useful lives ranging
from three to eight years for furniture, fixtures, equipment and
computer software and the lesser of the lease term or ten years
for leasehold improvements. Repair and maintenance costs are
expensed as incurred.


 




These excerpts taken from the MWY 10-K filed Mar 14, 2008.
Property and Equipment
 
Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives ranging from three to eight years for furniture, fixtures, equipment and computer software; the lesser of the lease term or ten years for leasehold improvements; 15 years for land improvements; 25 years for buildings and the lesser of the remaining useful life of the related building or ten years for building improvements. Repair and maintenance costs are expensed as incurred.


F-10


 

Property
and Equipment



 



Property and equipment are stated at cost and depreciated by the
straight-line method over their estimated useful lives ranging
from three to eight years for furniture, fixtures, equipment and
computer software; the lesser of the lease term or ten years for
leasehold improvements; 15 years for land improvements;
25 years for buildings and the lesser of the remaining
useful life of the related building or ten years for building
improvements. Repair and maintenance costs are expensed as
incurred.





F-10





 







This excerpt taken from the MWY 10-K filed Mar 12, 2007.
Property and Equipment
 
Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives ranging from three to eight years for furniture, fixtures, equipment and software; the lesser of the lease term or ten years for leasehold improvements; 15 years for land improvements; 25 years for buildings and the lesser of the remaining useful life of the related building or ten years for building improvements.
 
This excerpt taken from the MWY 10-K filed Mar 14, 2005.

NOTE 4: PROPERTY AND EQUIPMENT

        Property and equipment, net of accumulated depreciation and amortization, were (in thousands):

 
  December 31,
 
 
  2004
  2003
 
Land, buildings and building improvements   $ 4,261   $ 4,209  
Leasehold improvements     5,950     5,641  
Furniture, fixtures, equipment and software     42,682     37,175  
Construction-in-progress     1,814     190  
   
 
 
      54,707     47,215  
Less accumulated depreciation and amortization     (39,237 )   (33,943 )
   
 
 
Property and equipment, net   $ 15,470   $ 13,272  
   
 
 

        Depreciation expense related to property and equipment was $5,776,000, $7,872,000 and $8,469,000 for 2004, 2003 and 2002, respectively.

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