Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Note 9 -- Property and Equipment, Net

Property and equipment, net consists of the following:


	December 31,
	2021			2020
Land	$	2,134		$	2,134
Building		4,005			3,997
Computer hardware and software		13,295			11,072
Office furniture and equipment		2,561			2,255
Tenant and leasehold improvements		620			620
Other		2,136			1,267
Total, at cost		24,751			21,345
Less: accumulated depreciation and amortization		(10,519	)		(8,578	)
Property and equipment, net	$	14,232		$	12,767

Depreciation and amortization expense for property and equipment was $1,941, $1,854 and $1,550, respectively, for the years ended December 31, 2021, 2020 and 2019.

On April 2, 2020, Greenleaf Capital, LLC acquired an office building in Tampa, Florida for a purchase price of $4,000 in cash. The building is currently used as HCI’s headquarters office. The transaction was accounted for as an asset acquisition.

On July 24, 2020, the Florida Department of Transportation (“FDOT”) exercised the power of eminent domain under the Florida Constitution in order to acquire for a highway expansion project the Company’s former HCI headquarters property in Tampa, Florida for compensation of $44,000, net of $3,500 in legal and related expenses. Under the terms of the agreement, the FDOT assumed all contracts associated with this property, including the leases with existing tenants. In addition, the Company agreed to donate a small portion of a separate tract of nearby undeveloped land it owned to the FDOT for the same expansion project. The Company will have no later than July 24, 2023 to vacate the property. In connection with this transaction, the Company recognized a gain from involuntary conversion of $36,969. The Company used a portion of the proceeds totaling $7,062 to repay its debt and accrued interest and recognized $98 of loss on debt extinguishment.