XML 30 R16.htm IDEA: XBRL DOCUMENT v3.23.1
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net    
The components of property, plant and equipment, net, are:
December 31,
(in thousands)20222021
Land$199 $199 
Building and improvements8,176 7,822 
Rental property2,749 2,749 
Software12,393 12,100 
Furniture and equipment13,902 12,816 
Construction in process181 170 
37,600 35,856 
Less accumulated depreciation(24,639)(22,147)
$12,961 $13,709 

The estimated useful lives of buildings and improvements and rental property are 15 to 40 years. The estimated useful lives of furniture and equipment range from three to eight years. The estimated useful life on software is three to five years. Depreciation expense was $3.3 million, $2.3 million, and $2.0 million, for the years ended December 31, 2022, 2021, and 2020, respectively.
The Company leases a portion of its headquarters facility to various tenants. Net rent received from these leases totaled $0.2 million, $0.2 million, and $0.2 million for the years ended December 31, 2022, 2021, and 2020 respectively, and is recorded in other income (expense) – net.