XML 30 R12.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Note 5 — Property, Plant and Equipment

The components of property, plant and equipment are:

	December 31,
	(in thousands)
	2011			2010
Land	$	253		$	253
Building and improvements		6,235			6,111
Rental property		5,289			5,519
Furniture and equipment		23,009			22,552
		34,786			34,435
Less accumulated depreciation		(29,527	)		(28,729	)
	$	5,259		$	5,706

The estimated useful lives of buildings and improvements and rental property are twenty to twenty-five years. The estimated useful lives of furniture and equipment range from three to eight years. Depreciation expense recorded was $1,343,000, $1,628,000 and $1,843,000 for 2011, 2010, and 2009, respectively.

The Company leases a portion of its headquarters facility to various tenants. Rent received from these leases totaled $440,000, $442,000 and $416,000 for 2011, 2010, and 2009, respectively. Future minimum rent payments due to the Company under these lease arrangements are as follows (in thousands):

2012	$	407
2013		282
2014		176
	$	865

The Company leases office space under various operating leases. Rental expense on these operating leases was approximately $2,535,000, $2,580,000 and $2,917,000 for 2011, 2010, and 2009, respectively. Future minimum lease payments under all non-cancelable operating leases are (in thousands):

2012	$	2,131
2013		1,737
2014		1,292
2015		482
2016		353
Thereafter		362
	$	6,357

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details