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PetSmart Inc's quarterly construction in progress increased from Oct. 2013 ($0 Mil) to Jan. 2014 ($70 Mil) but then declined from Jan. 2014 ($70 Mil) to Apr. 2014 ($0 Mil).
PetSmart Inc's annual construction in progress declined from Jan. 2012 ($58 Mil) to Jan. 2013 ($54 Mil) but then increased from Jan. 2013 ($54 Mil) to Jan. 2014 ($70 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
PetSmart Inc Annual Data
PetSmart Inc Quarterly Data