Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

5.	Property and Equipment

Property and equipment consist of the following:


	December 31,
	2014			2013
	(in thousands)
Land and office building	$	7,758		$	7,749
Furniture and equipment		6,593			6,653
Software		9,875			9,615
Automobiles		73			81

		24,299			24,098
Accumulated depreciation		(17,059	)		(16,549	)

Property and equipment, net	$	7,240		$	7,549

Furniture and equipment included property held under capital leases of $0.1 million at December 31, 2014. Accumulated depreciation includes $49,000 that is related to these properties at December 31, 2014. The capital lease obligations related to these properties are included in accounts payable and other liabilities. The Company had no capital lease obligations at December 31, 2013.

Future minimum lease payments related to the capital lease obligations are detailed below (in thousands):


2015	$	38
2016		39
2017		29

Present value of net minimum lease payments	$	106

- 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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