Ulta Beauty, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Jan. 28, 2012

Property and equipment [Abstract]

Property and Equipment

3. Property and equipment

Property and equipment consist of the following:


	January 28, 2012			January 29, 2011
Equipment and fixtures	$	256,479		$	223,663
Leasehold improvements		256,487			233,997
Electronic equipment and software		126,790			105,808
Construction-in-progress		33,598			16,331

		673,354			579,799
Less accumulated depreciation and amortization		(296,369	)		(253,700	)

Property and equipment, net	$	376,985		$	326,099

The Company had no capitalized interest for fiscal 2011 and 2010 as a result of not utilizing the credit facility during the year.

- 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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