Property and Equipment, Net

6 Months Ended

Jun. 30, 2011

3. Property and Equipment, Net

Property and equipment, net, was comprised of the following at June 30, 2011 and December 31, 2010:

In thousands	June 30, 2011			December 31, 2010
Leasehold improvements	$	22,214		$	22,090
Equipment and furniture		16,528			15,675
		38,742			37,765
Less accumulated depreciation and amortization		(32,277	)		(30,728	)
	$	6,465		$	7,037

Depreciation and amortization expense for the three-month periods ended June 30, 2011 and 2010 amounted to $783,000 and $761,000, respectively, and for the six-month periods ended June 30, 2011 and 2010 amounted to $1.5 million and $1.6 million, respectively.

The Company leases certain assets under capital leases having terms up to three years. Assets under capital leases included in property and equipment were as follows at June 30, 2011 and December 31, 2010:

In thousands	June 30, 2011			December 31, 2010
Equipment and furniture	$	420		$	420
Less accumulated depreciation and amortization		(214	)		(172	)
	$	206		$	248

- 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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