PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following as of December 31, 2014 and 2013 (in thousands):



	December 31,
	2014			2013
Property and equipment:
Construction-in-progress (1)	$	3,589		$	1,214
Equipment and furniture	124,789			119,848
Building and leasehold improvements	48,610			48,503
	176,988			169,565
Less: accumulated depreciation and amortization	(158,901		)	(150,894		)
Net property and equipment	$	18,087		$	18,671

(1) Includes assets received not yet in service.

For the years ended December 31, 2014, 2013 and 2012, the Company recognized depreciation expense of $8.5 million, $13.8 million and $15.8 million, 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.

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