Property and Equipment

12 Months Ended

Dec. 31, 2012

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT:

Components of property and equipment consisted of the following:

	December 31,
	2012			2011
	(In Thousands)
Furniture, fixtures and equipment	$	1,544		$	1,541
Computer equipment and software		1,327			1,198
Leasehold improvements		3,131			3,153
		6,002			5,892
Less accumulated depreciation and amortization		(4,053	)		(3,463	)
Total	$	1,949		$	2,429

Depreciation expense related to property and equipment for the years ended December 31, 2012, 2011, and 2010 totaled approximately $837 thousand, $875 thousand, and $879 thousand, respectively. The Company disposed of $251 and $856 thousand of equipment that was no longer in use during the years ended 2012 and 2011, respectively. A loss on disposal of property and equipment of $11 thousand was recognized in the year ended December 31, 2011. No gain or loss on disposal was recognized during the years ended December 31, 2012 or 2010.

The above table of property and equipment includes assets under capital leases as listed below.

	December 31,
	2012			2011
	(In Thousands)
Furniture, fixtures and equipment	$	999		$	999
Less accumulated depreciation and amortization		(999	)		(951	)
Total	$	-		$	48