Property and Equipment

12 Months Ended

Dec. 31, 2013

NOTE 5 — Property and Equipment

Property and equipment consists of the following as of December 31:

	2013			2012
Land	$	41,916,000		$	46,245,000
Facilities	85,349,000			85,209,000
Furniture, fixtures and equipment	6,955,000			6,794,000
	134,220,000			138,248,000
Less accumulated depreciation	(48,629,000		)	(45,352,000		)
	$	85,591,000		$	92,896,000

Depreciation expense was $3,291,000, $3,314,000 and $4,588,000 for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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