Property and Equipment, net

6 Months Ended

Jun. 30, 2013

4. Property and Equipment, net

Property and equipment, net consisted of the following:

	Estimated
	Useful Life	June 30,			December 31,
	(In Years)	2013			2012
		(in thousands)

Land and improvements	10 to 15	$	13,863		$	13,922
Buildings and improvements	5 to 40	14,208			14,100
Furniture, fixtures, and equipment	2 to 15	5,205			4,757
		33,276			32,779
Less: accumulated depreciation		(9,097		)	(8,466		)
Property and equipment, net		$	24,179		$	24,313

Amenities assets, net of accumulated depreciation, included in property and equipment, net above were $22.0 million and $22.2 million as of June 30, 2013 and December 31, 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details