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Property and Equipment
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 5. PROPERTY AND EQUIPMENT

The following table sets forth the Company’s property and equipment:  

 

 

 

Estimated Useful

 

December 31,

 

(Amounts in 000's)

 

Lives (Years)

 

2017

 

 

2016

 

Buildings and improvements

 

5 - 40

 

$

89,665

 

 

$

84,108

 

Equipment and computer related

 

2 - 10

 

 

10,893

 

 

 

12,286

 

Land

 

 

 

4,248

 

 

 

3,988

 

Construction in process

 

 

 

49

 

 

 

602

 

 

 

 

 

 

104,855

 

 

 

100,984

 

Less: accumulated depreciation and amortization

 

 

 

 

(23,642

)

 

 

(21,816

)

Property and equipment, net

 

 

 

$

81,213

 

 

$

79,168

 

 

During the twelve months ended December 31, 2017, and the twelve months ended December 31, 2016, the Company recorded no impairments in property and equipment. During the twelve months ended December 31, 2016, the Company recognized approximately $21.0 thousand impairment for an office located in Roswell, Georgia as part of the sale from amounts previously recorded in assets of disposal group held for sale (see Note 11 - Discontinued Operations).

On October 6, 2016, the Company completed the sale of the Arkansas Facilities, together with substantially all of the fixtures, equipment, furniture and other assets relating to such facilities (see Note 11 - Discontinued Operations).

On May 1, 2017, the Company completed the acquisition of an assisted living and memory care community with 106 operational beds in Glencoe, Alabama (the “Meadowood Facility”) (see Note 10 – Acquisitions and Dispositions).

The following table summarizes total depreciation and amortization for the twelve months ended December 31, 2017 and 2016:

 

 

 

December 31,

 

Amounts in (000's)

 

2017

 

 

2016

 

Depreciation

 

$

3,318

 

 

$

3,784

 

Amortization

 

 

1,550

 

 

 

1,512

 

Total depreciation and amortization

 

$

4,868

 

 

$

5,296