PROPERTY, EQUIPMENT AND FACILITIES

12 Months Ended

Dec. 31, 2013

PROPERTY, EQUIPMENT AND FACILITIES [Abstract]

7.	PROPERTY, EQUIPMENT AND FACILITIES

Property, equipment and facilities consist of the following:

			At December 31,
	Useful life (years)		2013			2012
Land		-	$	17,562		$	18,363
Buildings and improvements		1-25		178,089			192,990
Equipment, furniture and fixtures		1-7		76,769			79,172
Vehicles		3		1,282			1,231
Construction in progress		-		425			174
				274,127			291,930
Less accumulated depreciation and amortization				(146,795	)		(137,834	)
			$	127,332		$	154,096

Included above in buildings and improvements are buildings acquired under capital leases as of December 31, 2013 and 2012 of $26.8 million, each net of accumulated depreciation of $8.8 million and $7.0 million, respectively.

Included above in equipment, furniture and fixtures are assets acquired under capital leases as of December 31, 2013 and 2012 of $0.4 million and $0.6 million, respectively, net of accumulated depreciation of $0.4 million and $0.6 million, respectively.

Included above in buildings and improvements is capitalized interest as of December 31, 2013 and 2012 of $0.6 million, respectively, net of accumulated depreciation of $0.4 million, respectively.

Depreciation and amortization expense of property, equipment and facilities was $23.3 million, $26.4 million and $26.3 million for the years ended December 31, 2013, 2012 and 2011, respectively.

The Company closed its campuses in Suffield, Connecticut in 2012 and Cincinnati, Ohio (Tri-County) in 2013. During 2013, the Company decided to sell these properties as they are no longer pertinent to continuing operations. The Company anticipates that these properties will be sold during 2014. Accordingly, the assets have been reflected as "held for sale" in the accompanying consolidated balance sheet. The assets held for sale as a result of the closures consist of the following:

	At December 31,
	2013
Land	$	800
Buildings and improvements		5,510
Assets held for sale	$	6,310

- 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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