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Property and Equipment
12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
Property and Equipment

7.

Property and Equipment

The components of property and equipment are as follows (in thousands).

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

Furniture and equipment

 

$

12,878

 

 

$

10,660

 

Leasehold improvements

 

 

6,451

 

 

 

5,000

 

Capitalized leases

 

 

238

 

 

 

238

 

Aircraft

 

 

190

 

 

 

190

 

 

 

 

19,757

 

 

 

16,088

 

Less: Accumulated depreciation

 

 

(14,616

)

 

 

(12,915

)

Property and equipment, net

 

$

5,141

 

 

$

3,173

 

 

Depreciation expense related to property and equipment was $1.8 million, $1.8 million and $2.1 million for the years ended December 31, 2015, 2014 and 2013, respectively. Included within the furniture and equipment and the leasehold improvements categories at December 31, 2015 above are capitalized assets totaling $0.2 million not yet in service. These assets are related to the Company’s strategic investments in its retail stores and relocation of its Chicago call center.