NOVA » Topics » 6. PROPERTY AND EQUIPMENT

These excerpts taken from the NOVA 10-K filed Mar 16, 2009.

Property and Equipment

        Property and equipment are stated at lower of cost or fair value at the date of acquisition. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the related assets, generally three to seven years for equipment, computer software, furniture and fixtures, and up to the lease term for leasehold improvements. Routine maintenance and repairs are charged to expense as incurred.

Property and Equipment



        Property and equipment are stated at lower of cost or fair value at the date of acquisition. Depreciation of property and equipment is
calculated using the straight-line method over the estimated useful lives of the related assets, generally three to seven years for equipment, computer software, furniture and fixtures,
and up to the lease term for leasehold improvements. Routine maintenance and repairs are charged to expense as incurred.




6. PROPERTY AND EQUIPMENT

        Property and equipment consist of the following as of December 31, 2008 and 2007:

 
  2008   2007  

Equipment

  $ 25,090   $ 19,085  

Information technology

    3,698     2,959  

Furniture and fixtures

    1,375     1,187  

Land and buildings

    286     286  

Leasehold improvements

    15,703     8,899  
           

    46,152     32,416  

Less—Accumulated depreciation and amortization

    (25,626 )   (18,850 )
           

  $ 20,526   $ 13,566  
           

        Depreciation and amortization expense in 2008, 2007 and 2006 was $4,311, $3,635 and $2,708, respectively.

6. PROPERTY AND EQUIPMENT




        Property and equipment consist of the following as of December 31, 2008 and 2007:
































































































































 
 2008  2007  

Equipment

 $25,090 $19,085 

Information technology

  3,698  2,959 

Furniture and fixtures

  1,375  1,187 

Land and buildings

  286  286 

Leasehold improvements

  15,703  8,899 
      

  46,152  32,416 

Less—Accumulated depreciation and amortization

  (25,626) (18,850)
      

 $20,526 $13,566 
      




        Depreciation
and amortization expense in 2008, 2007 and 2006 was $4,311, $3,635 and $2,708, respectively.



These excerpts taken from the NOVA 10-K filed Mar 17, 2008.

6. PROPERTY AND EQUIPMENT

        Property and equipment consist of the following as of December 31, 2007 and 2006:

 
  2007
  2006
 
Equipment   $ 19,085   $ 15,337  
Information technology     2,959     2,398  
Furniture and fixtures     1,187     1,038  
Land and buildings     286     286  
Leasehold improvements     8,899     8,251  
   
 
 
      32,416     27,310  
Less—Accumulated depreciation and amortization     (18,850 )   (14,303 )
   
 
 
    $ 13,566   $ 13,007  
   
 
 

        Depreciation and amortization expense in 2007, 2006 and 2005 was $3,635, $2,708 and $2,243, respectively.

6. PROPERTY AND EQUIPMENT



        Property and equipment consist of the following as of December 31, 2007 and 2006:





















































































































 
 2007
 2006
 
Equipment $19,085 $15,337 
Information technology  2,959  2,398 
Furniture and fixtures  1,187  1,038 
Land and buildings  286  286 
Leasehold improvements  8,899  8,251 
  
 
 
   32,416  27,310 
Less—Accumulated depreciation and amortization  (18,850) (14,303)
  
 
 
  $13,566 $13,007 
  
 
 




        Depreciation
and amortization expense in 2007, 2006 and 2005 was $3,635, $2,708 and $2,243, respectively.



This excerpt taken from the NOVA 10-K filed Mar 16, 2007.

6. PROPERTY AND EQUIPMENT

     Property and equipment consist of the following as of December 31, 2006 and 2005:

  2006       2005  
Equipment  $ 16,840   $ 14,713  
Information technology  2,409   2,050  
Furniture and fixtures  1,078   873  
Land and Buildings  286    
Leasehold improvements    9,614       5,716   
  30,227   23,352  
Less--Accumulated depreciation and amortization    (15,161 )    (13,412 ) 
  $ 15,066   $ 9,940  

     Depreciation and amortization expense in 2006, 2005 and 2004 was $3,090, $2,458 and $2,445, respectively.

F-17


NOVAMED, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(Dollars in thousands, except per share data)

This excerpt taken from the NOVA 10-K filed Apr 28, 2006.
7. PROPERTY AND EQUIPMENT

     Property and equipment consist of the following as of December 31, 2005 and 2004:

        2005       2004 
Equipment  $    14,713    $    12,817  
Information technology      2,050      1,970 
Furniture and fixtures      873      823 
Leasehold improvements      5,716      4,059 
      23,352      19,669 
Less--Accumulated depreciation         
 and amortization    (13,412 )      (11,624 ) 
  $    9,940  $    8,045 

     Depreciation and amortization expense for property and equipment in 2005, 2004 and 2003 was $2,458, $2,445 and $2,634, respectively.

This excerpt taken from the NOVA 10-K filed Mar 31, 2005.

Property and Equipment

Property and equipment are stated at cost or fair market value at the date of acquisition. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the related assets, generally three to seven years for equipment, computer software, furniture and fixtures, and the lesser of the lease term or 10 years for leasehold improvements. Routine maintenance and repairs are charged to expense as incurred.

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