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  
    1,890       246  
    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:
    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  
    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.
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