Property and Equipment, Net

9 Months Ended

Sep. 30, 2021

Property Plant And Equipment [Abstract]

NOTE 6. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following at September 30, 2021 and December 31, 2020:


	September 30, 2021			December 31, 2020
	(In thousands)
Land	$	2,582		$	2,582
Building		10,141			10,141
Computer hardware and software		7,147			6,358
Office furniture and equipment		2,038			2,027
Tenant and leasehold improvements		8,225			8,133
Vehicle fleet		720			850
Total, at cost		30,853			30,091
Less: accumulated depreciation and amortization		(12,903	)		(11,406	)
Property and equipment, net	$	17,950		$	18,685

Depreciation and amortization expense for property and equipment was approximately $736,000 and $442,000 for the three months ended September 30, 2021 and 2020, respectively and $1.6 million and $1.3 million for the nine months ended September 30, 2021 and 2020, respectively. The Company’s real estate consists of 15 acres of land and 5 buildings with a gross area of 191,200 square feet and a parking garage. Approximately 75% of the building in Clearwater is leased to unaffiliated tenants. Following the Company’s planned relocation to its new Tampa headquarters, which is expected to occur in late 2021, the Company intends to sublease the remaining available space at the Clearwater location to unaffiliated tenants.