PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

NOTE 6 - PROPERTY AND EQUIPMENT

The carrying values of property and equipment are as follows (in thousands):

	December 31, 2013	December 31, 2012
	December 31, 2013	December 31, 2012

Land	$ 2,137	$ 1,861
Buildings and leasehold improvements	9,565	7,378
Furniture, fixtures and equipment	79,633	72,219
Less – Accumulated depreciation	(33,082)	(22,745)
Total Property and Equipment	$ 58,253	$ 58,713

Depreciation expense was $9.8 million, $7.2 million, and $3.5 million for the years ended December 31, 2013, 2012, and 2011, respectively. Capital expenditures by segment are included in Note 16.

- 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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