Property and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Property and Equipment

Note 7. Property and Equipment

Property and equipment, net consists of the following at December 31, 2016 and 2015 (in thousands):

	December 31, 2016		December 31, 2015
	(In thousands)
Land	$	2,582	$	2,582
Building		10,301		9,599
Computer hardware and software		3,113		2,502
Office furniture and equipment		759		634
Tenant and leasehold improvements		3,334		3,300
Vehicle fleet		842		693
Total, at cost		20,931		19,310
Less: accumulated depreciation and amortization		3,752		2,199
Property and equipment, net	$	17,179	$	17,111

Depreciation expense for the years ended December 31, 2016, 2015 and 2014 was $1.6 million, $1.3 million, $0.8 million, respectively. The Company’s real estate consists of 14 acres of land, four buildings with a gross area of 191,000 square feet and a parking garage.

The Company currently leases space to non-affiliates and occupies space in one of the buildings.

Expected annual rental income due under non-cancellable operating leases for our real estate properties is as follows (in thousands):

Year	Amount
January 1 to December 31, 2017	$	2,604
January 1 to December 31, 2018		2,643
January 1 to December 31, 2019		2,492
January 1 to December 31, 2020		2,498
January 1 to December 31, 2021		2,551
Thereafter		3,632
	$	16,420