Property and equipment

12 Months Ended

Dec. 31, 2016

Property and Equipment [Abstract]

Property, Plant and Equipment Disclosure

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

	Year Ended December 31,
	2016			2015
Land	$	2,114		$	2,114
Building and building improvements	5,502			4,298
Computer hardware and software	14,699			13,574
Office furniture and equipment	2,652			1,831
Leasehold improvements	—			141
Total, at cost	24,967			21,958
Less: accumulated depreciation and amortization	(7,107		)	(4,823		)
Property and equipment, net	$	17,860		$	17,135

On September 5, 2014, we entered into a purchase and sale agreement to acquire approximately 40,000 square feet of commercial office space and associated property in St. Petersburg, Florida. At acquisition, the real estate consisted of approximately 2.3 acres of land and an office building, plus an additional 1.5 acres of leased parking space. We are depreciating the building over its expected useful life of 39 years.

On September 9, 2015, we entered into a purchase and sale agreement to acquire approximately 7,800 square feet of commercial office space in St. Petersburg, Florida. We are depreciating the building over its expected useful life of 39 years.

Depreciation and amortization expense under property and equipment was $2,424,000, $1,803,000 and $731,000, respectively, for the years ended December 31, 2016, 2015 and 2014.