Property and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Property and Equipment

5. Property and Equipment

Property and equipment consist of the following:

	December 31,
	2016			2015
	(in thousands)
Land and office building	$	7,515		$	7,069
Furniture and equipment		6,509			6,227
Software		6,739			6,277
Automobiles		74			74
		20,837			19,647
Accumulated depreciation		(14,201	)		(13,466	)
Property and equipment, net	$	6,636		$	6,181

Furniture and equipment included property held under capital leases of $0.2 million at December 31, 2016.  Accumulated depreciation includes $80,000 that is related to these properties at December 31, 2016.  Furniture and equipment included property held under capital leases of $0.1 million at December 31, 2015.  Accumulated depreciation includes $97,000 that is related to these properties at December 31, 2015.  Furniture and equipment included property held under capital leases of $0.1 million at December 31, 2014.  Accumulated depreciation includes $49,000 that is related to these properties at December 31, 2014.  The capital lease obligations related to these properties are included in accounts payable and other liabilities.

Future minimum lease payments related to the capital lease obligations are detailed below (in thousands):

2017	$	56
2018		42
2019		42
2020		42
Present value of net minimum lease payments	$	182

The Company made a partial disposition election under tax regulations to write-off capitalized amounts for book and tax purposes of certain fixed assets and deductible repairs in the amount of $0.6 million in 2015 and this amount is included in “Loss on disposal of assets.”