PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

6. PROPERTY AND EQUIPMENT:

Property and equipment consisted of the following:

	December 31,
	2010	2011
	(in Thousands)
Land	$ 1,652	$ 1,652
Buildings and leasehold improvements	7,508	7,956
Furniture, fixtures and equipment	23,700	28,756
	32,860	38,364
Less – Accumulated depreciation	(17,943)	(21,453)
Total Property and Equipment	$ 14,917	$ 16,911

- 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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