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Property and Equipment
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

5.

Property and Equipment

Property and equipment consist of the following:

 

  

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Land and office building

 

$

7,798

 

 

$

7,713

 

Furniture and equipment

 

 

6,150

 

 

 

6,578

 

Software

 

 

7,339

 

 

 

6,856

 

Automobiles

 

 

74

 

 

 

74

 

 

 

 

21,361

 

 

 

21,221

 

Accumulated depreciation

 

 

(15,103

)

 

 

(15,093

)

Property and equipment, net

 

$

6,258

 

 

$

6,128

 

 

Furniture and equipment included property held under capital leases of $0.2 million at December 31, 2018.  Accumulated depreciation includes $120,000 that is related to these properties at December 31, 2018.  Furniture and equipment included property held under capital leases of $0.2 million at December 31, 2017.  Accumulated depreciation includes $58,000 that is related to these properties at December 31, 2017.  Furniture and equipment included property held under capital leases of $0.2 million at December 31, 2016.  Accumulated depreciation includes $80,000 that is related to these properties at December 31, 2016.  The capital lease obligations related to these properties are included in accounts payable and other liabilities.

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

 

2019

 

$

47

 

2020

 

 

48

 

2021

 

 

4

 

Present value of net minimum lease payments

 

$

99