PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

NOTE 7 - PROPERTY AND EQUIPMENT

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

	December 31, 2014	December 31, 2013
	December 31, 2014	December 31, 2013

Land	$ 2,386	$ 2,137
Buildings and leasehold improvements	13,490	9,565
Furniture, fixtures and equipment	97,829	79,633
Less – Accumulated depreciation	(43,726)	(33,082)
Total Property and Equipment	$ 69,979	$ 58,253

Depreciation expense was $12.6 million, $9.8 million, and $7.2 million for the years ended December 31, 2014, 2013, and 2012, respectively. Capital expenditures by segment are included in Note 17.

- 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.

+ References+ Details