Property And Equipment

12 Months Ended

Dec. 31, 2011

5.	Property and Equipment

Property and equipment consist of the following:


	December 31,
	2011			2010
	(In thousands)
Land and office building	$	7,578		$	7,471
Furniture and equipment		6,552			6,503
Software		8,720			7,968
Automobiles		81			81

		22,931			22,023
Accumulated depreciation		(15,303	)		(14,476	)

Property and equipment, net	$	7,628		$	7,547

The Company had no capital lease obligations at December 31, 2011. At December 31, 2010, furniture and equipment included property held under capital leases of $86,000 and software included property held under capital leases of $103,000. Accumulated depreciation at December 31, 2010 includes $136,000 that is related to these properties.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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