QVC Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property And Equipment (Note)

Property And Equipment (Note)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property And Equipment

PROPERTY AND EQUIPMENT

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



	December 31,
	2012			2011
Capitalized software	$	196,529		$	197,842
Computer and broadcast equipment	83,038			93,364
Buildings and leasehold improvements	98,241			93,941
Furniture and other equipment	79,748			75,185
Projects in progress	18,494			8,881
Land and land improvements	10,734			10,962
	486,784			480,175
Less: accumulated depreciation and amortization	(315,481		)	(321,741		)
Total property and equipment, net	$	171,303		$	158,434

Long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. As a result of the impairment charge recognized in the fourth quarter of 2011 related to the indefinite-lived intangible assets of The Territory Ahead, HSNi assessed if there was an impairment of any of this brand’s long-lived assets. As a result of this assessment, HSNi recognized an impairment charge of $0.8 million in 2011. This charge is included in the line item “Loss from discontinued operations, net of tax” in the accompanying consolidated statements of operations. As we periodically reassess estimated future cash flows and asset fair values, changes in our estimates and assumptions may cause us to realize additional impairment charges in the future.

- 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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