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Property and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and Equipment, net

 

As of December 31, 2015 and 2014, the property and equipment, net balance consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2015

 

2014

 

Land improvements

    

$

21,966

    

$

21,816

 

Building

 

 

39,209

 

 

39,050

 

Equipment

 

 

5,117

 

 

6,698

 

Motor vehicles

 

 

598

 

 

603

 

Furniture and fixtures

 

 

3,937

 

 

4,017

 

Capitalized software

 

 

2,099

 

 

1,962

 

Gross property and equipment

 

 

72,926

 

 

74,146

 

Less: accumulated depreciation

 

 

(37,953)

 

 

(37,224)

 

Property and equipment, net

 

$

34,973

 

$

36,922

 

 

As of December 31, 2015, we had $1.8 million of equipment with $0.8 million of accumulated depreciation that were financed with capital leases. The amortization of these assets is included in depreciation expense.