TTEC » Topics » Property and Equipment

This excerpt taken from the TTEC 10-K filed Feb 21, 2006.
Property and Equipment
 
Property and equipment consisted of the following at December 31:
 
                 
    2005     2004  
    (In thousands)  
 
Land and buildings
  $ 30,158     $ 30,028  
Computer equipment and software
    217,655       196,313  
Telephone equipment
    55,961       52,462  
Furniture and fixtures
    54,337       50,641  
Leasehold improvements
    84,893       75,495  
Construction-in-progress
    1,890       246  
Other
    1,206       908  
                 
      446,100       406,093  
Less: accumulated depreciation
    (312,465 )     (260,873 )
                 
    $ 133,635     $ 145,220  
                 
 
Depreciation and amortization are computed on the straight-line method based on the following estimated useful lives:
 
         
Building
    25 years  
Computer equipment and software
    3 to 5 years  
Telephone equipment
    4 to 7 years  
Furniture and fixtures
    5 to 7 years  
Leasehold improvements
    3 to 15 years  
Other
    3 to 7 years  
 
Depreciation and amortization expense was $53.6 million, $59.4 million, and $58.6 million for the years ended December 31, 2005, 2004, and 2003, respectively, in the accompanying Consolidated Statements of Operations.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki