PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

A summary of the cost and accumulated depreciation of property and equipment follows:

	December 31,
	2022		2021
	(in thousands)
Land	$	12,251	$	12,251
Buildings and leasehold improvements		50,693		49,790
Furniture, equipment and vehicles		17,345		16,665
Fixed assets in process		618		534
		80,907		79,240
Less accumulated depreciation and amortization		(31,862)		(28,495)
Property and equipment, net	$	49,045	$	50,745

Depreciation and amortization expense amounted to $3.9 million, $4.4 million and $4.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. During the year ended December 31, 2021, land and a building with a total net book value of

$881,000 were transferred to assets held for sale and a write down of $196,000 was recognized when the property was sold in the second quarter of 2022.

At December 31, 2022 and 2021, fixed assets in process represents building improvements and equipment not placed in service.