Refer to the financial statements of Express, Inc. given in Appendix C.

What amount of depreciation expense was reported as an expense for the most recent reporting year?

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EXPRESS, INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Amounts in Thousands, Except Per Share Amounts) 2017 2016 2015 NET SALES 2,138,030 2,192,547 2,350,129 COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS 1,522,797 1,529,343 1,554,852 Gross profit 615,233 663,204 795,277 OPERATING EXPENSES: Selling, general, and administrative expenses 562,088 559,541 587,747 Restructuring costs 22,869 Other operating expense, net 536 62 292 Total operating expenses 585,493 559,603 588,039 OPERATING INCOME 29,740 103,601 207,238 INTEREST EXPENSE, NET 2,242 13,468 15,882 OTHER (INCOME) EXPENSE, NET (537) (484) 672 INCOME BEFORE INCOME TAXES 28,035 90,617 190,684 INCOME TAX EXPENSE 8,669 33,200 74,171 NET INCOME 19,366 57,417 116,513 OTHER COMPREHENSIVE INCOME: Foreign currency translation gain (loss) (402) S 862 (1,608) Amount reclassified to earmings 4,205 COMPREHENSIVE INCOME 23,169 58,279 114,905 EARNINGS PER SHARE: Basic 0.25 0.73 1.39 Diluted 0.25 0.73 1.38 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 78,592 78,669 83,980 Diluted 78,870 79,049 84,591 %24 %24 EXPRESS, INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Amounts in Thousands, Except Per Share Amounts) 2017 2016 2015 NET SALES 2,138,030 2,192,547 2,350,129 COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS 1,522,797 1,529,343 1,554,852 Gross profit 615,233 663,204 795,277 OPERATING EXPENSES: Selling, general, and administrative expenses 562,088 559,541 587,747 Restructuring costs 22,869 Other operating expense, net 536 62 292 Total operating expenses 585,493 559,603 588,039 OPERATING INCOME 29,740 103,601 207,238 INTEREST EXPENSE, NET 2,242 13,468 15,882 OTHER (INCOME) EXPENSE, NET (537) (484) 672 INCOME BEFORE INCOME TAXES 28,035 90,617 190,684 INCOME TAX EXPENSE 8,669 33,200 74,171 NET INCOME 19,366 57,417 116,513 OTHER COMPREHENSIVE INCOME: Foreign currency translation gain (loss) (402) S 862 (1,608) Amount reclassified to earmings 4,205 COMPREHENSIVE INCOME 23,169 58,279 114,905 EARNINGS PER SHARE: Basic 0.25 0.73 1.39 Diluted 0.25 0.73 1.38 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 78,592 78,669 83,980 Diluted 78,870 79,049 84,591 %24 %24