QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment

Property And Equipment

3 Months Ended

Mar. 31, 2012

Property And Equipment [Abstract]

Property And Equipment

NOTE 3—PROPERTY AND EQUIPMENT

The balance of property and equipment, net, is as follows (in thousands):


	March 31, 2012			December 31, 2011			March 31, 2011
Capitalized software	$	198,803		$	197,842		$	211,988
Computer and broadcast equipment		95,170			93,364			93,122
Buildings and leasehold improvements		96,320			93,941			90,297
Furniture and other equipment		78,513			75,185			72,627
Projects in progress		8,209			8,881			5,840
Land and land improvements		10,957			10,962			10,921

		487,972			480,175			484,795
Less: accumulated depreciation and amortization		(329,620	)		(321,741	)		(334,228	)

Total property and equipment, net	$	158,352		$	158,434		$	150,567

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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