Note 5 - Property and Equipment

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(5) Property and Equipment

At December 31, 2023, and 2022, property and equipment consisted of the following:

	2023		2022
	(In thousands)
Furniture and equipment	$	3,886	$	4,753
Computer equipment		2,498		2,639
Computer software		34,143		29,876
Building		22,434		12,561
Leaseholds		488		502
Land		425		425
Property and equipment at cost		63,874		50,756
Less accumulated depreciation and amortization		35,669		33,508
Net property and equipment	$	28,205	$	17,248

Work in progress included in computer equipment, computer software and building at December 31, 2023 was $322,000, $129,000 and $14.6 million, respectively. Work in progress included in computer equipment, computer software and building at December 31, 2022 was $77,000, $545,000 and $7.0 million, respectively. Depreciation and amortization expense related to property and equipment, including assets under capital lease, for the years ended December 31, 2023, 2022, and 2021 was $5.8 million, $5.1 million and $5.7 million, respectively. We capitalize interest expense on major construction and development projects while in progress. Interest capitalized for 2023 and 2022 was $566,000 and $216,000, respectively. We did not capitalize interest in 2021. There were no significant impairments in property and equipment during 2023, 2022, and 2021. However, we did shorten the useful lives of certain assets to reflect our best estimate of when assets are expected to be disposed of or replaced.