PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Land, buildings and equipment owned by the Company and its subsidiaries at December 31, 2014 and 2013 are summarized as follows (in thousands):



	December 31
	2014			2013
Land	$	21,969		$	19,974
Buildings and leasehold improvements	98,901			99,351
Furniture and equipment	72,152			65,912
	193,022			185,237
Less accumulated depreciation	(101,837		)	(94,970		)
Property and equipment, net	$	91,185		$	90,267

The Company’s depreciation expense related to property and equipment was $8.1 million, $7.5 million, and $7.8 million for the years ended December 31, 2014, 2013 and 2012, respectively. The Company’s rental expense was $7.6 million, $7.3 million, and $7.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.

The Company’s obligations under long-term property leases are as follows:



Year		Amount
2015		$ 7.6 million
2016		5.7 million
2017		4.7 million
2018		4.2 million
2019		3.4 million
Thereafter		9.6 million
Total		$ 35.2 million

- 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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