FORM 20-F - Check Point

CHECK POINT SOFTWARE TECHNOLOGIES LTD.
AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share amounts)
NOTE 6:- PROPERTY AND EQUIPMENT, NET
December 31,
2008 2009
Cost:
Computers and peripheral equipment $ 46,578 $ 52,830
Office furniture and equipment 5,063 5,311
Building 32,025 32,201
Leasehold improvement 5,484 4,423
89,150 94,765
Accumulated depreciation and amortization 48,902 55,829
Property and equipment, net $ 40,248 $ 38,936
In March 2006, the Company purchased a tract of land and a building in Tel-Aviv, Israel,
for a total amount of $ 35,250. Additional payments for taxes related to the purchase and
for the building renovations totaled $ 7,043, $ 2,614 and $ 176 in 2007, 2008 and 2009,
respectively. The Company moved into the new building in May 2007, and commenced
depreciation of the building at that time.
During 2008 and 2009, the Company recorded a reduction of $ 6,521 and $ 1,947,
respectively, to the cost and accumulated depreciation of fully depreciated equipment no
longer in use.
NOTE 7:- GOODWILL AND OTHER INTANGIBLE ASSETS, NET
a. Goodwill:
Changes in goodwill for the years ended December 31, 2008 and 2009 are as follows:
F-33
Year ended December 31,
2008 2009
Goodwill, beginning of year $ 664,910 $ 664,602
Acquisition of Nokia Appliance Business - 43,856
Adjustment (308) -
Goodwill, end of year $ 664,602 $ 708,458