Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(4) Property and Equipment

At December 31, 2025, and 2024, property and equipment consisted of the following (in thousands):

	2025		2024
Furniture and equipment	$	7,809	$	3,425
Computer equipment		1,634		1,639
Computer software		36,801		34,288
Building		34,049		33,388
Leaseholds		488		488
Land		425		425
Property and equipment at cost		81,206		73,653
Less accumulated depreciation and amortization		40,732		35,384
Net property and equipment	$	40,474	$	38,269

Work in progress included in furniture and equipment and computer software at December 31, 2025, was $74,000 and $445,000, respectively. Work in progress included in computer equipment, computer software, and building improvements at December 31, 2024, was $191,000, $759,000, and $25.6 million, respectively. Depreciation and amortization expense related to property and equipment, including assets under capital lease, for the years ended December 31, 2025, 2024, and 2023, was $7.2 million, $5.8 million, and $5.8 million, respectively. We capitalize interest expense on major construction and development projects while in progress. Interest capitalized for 2025, 2024, and 2023 was $551,000, $1.0 million, and $566,000, respectively. There were no significant impairments of property and equipment during 2025, 2024, and 2023.