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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment, net
The balance of property and equipment, net is as follows (in thousands):
 
December 31, 2017
 
December 31, 2016
Land
$
5,818

 
$
5,818

Building
14,984

 
14,679

Site improvements
950

 
950

Computer equipment and capitalized software
16,885

 
14,886

Leasehold improvements
3,257

 
3,048

Furniture and other equipment
1,203

 
826

Aircraft and automobile
2,621

 
1,988

Projects in progress
3,756

 
3,006

Total gross property and equipment
49,474

 
45,201

Accumulated depreciation
(13,043
)
 
(9,739
)
Total property and equipment, net
$
36,431

 
$
35,462

Schedule of asset acquisition
The acquisition has been accounted for as an asset purchase and the allocation of the purchase price to the assets acquired is as follows (in thousands):
 
Fair Value
 
Weighted
Average
Depreciation Life
Land
$
5,818

 
N/A
Building
14,679

 
34.0 years
Site improvements
950

 
6.6 years
Tenant leases
2,029

 
3.2 years
Total purchase price
$
23,476

 
 
Schedule of future rental income
Future rental income from the building tenants as of December 31, 2017 under operating lease agreements having an initial or remaining non-cancelable lease term in excess of one year are as follows (in thousands):
Year ending December 31,
Amount
2018
$
815

2019
558

2020
574

2021
188

2022
37

Thereafter
102

Total
$
2,274