Property and Equipment

12 Months Ended

Dec. 31, 2012

6. Property and Equipment

Property and equipment consisted of the following:

	December 31,
	2012			2011
Buildings and leasehold improvements	$	940,439		$	803,497
Furniture, fixtures and equipment	432,858			338,245
Total	1,373,297			1,141,742
Less: Accumulated depreciation	(349,516		)	(302,112		)
Property and equipment, net	$	1,023,781		$	839,630

As of December 31, 2012 and 2011, approximately $27,500 and $27,500, respectively, of capitalized interest is included in buildings and leasehold improvements and is being depreciated over the useful life of the related assets.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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