CAPITAL LEASES

The following is an analysis of the property acquired under capital leases.



	Dollars in Thousands
	Asset Balances at
Classes of Property	December 31, 2012			December 31, 2011
Equipment	$	1,323		$	1,052
Less: Accumulated amortization	(420		)	(164		)
Total	$	903		$	888

The following is a schedule by years of future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of December 31, 2012.

Year ending December 31:



	Dollars in Thousands
2013	$	377
2014	170
2015	43
2016	3
2017	1
Total minimum lease payments	$	594
Less: Amount representing interest	(63		)
Present value of net minimum lease payments	$	531

The short term portion of our capital leases is included in accrued expenses and the long term portion is included in other long-term liabilities on the Balance Sheet. Included in depreciation for the year ended December 31, 2012, 2011 and 2010 was $0.3 million, $0.2 million and less than $0.1 million, respectively, related to equipment acquired under capital leases.