Office Equipment and Leasehold Improvements

12 Months Ended

Dec. 31, 2012

Office Equipment and Leasehold Improvements

Office Equipment and Leasehold Improvements

NOTE 13. Office Equipment and Leasehold Improvements

Office equipment and leasehold improvements consists of the following at December 31:

(In thousands)	2012			2011

Communications and data processing equipment	$	5,149		$	4,968
Furniture and fixtures		3,334			3,251
Leasehold improvements		1,802			1,766
Software		850			692

Total		11,135			10,677

Less: accumulated depreciation and amortization		(5,824	)		(3,942	)

Total office equipment and leasehold improvements, net	$	5,311		$	6,735

Depreciation and amortization expense for the years ended December 31, 2012, 2011, and 2010 was $1.9 million, $1.9 million, and $1.6 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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