Property, Plant and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6 — Property, Plant and Equipment

The components of property, plant and equipment, excluding discontinued operations, are:

	December 31, (in thousands)
	2015			2014
Land	$	253		$	253
Building and improvements		5,645			5,645
Rental property		5,330			5,308
Furniture and equipment		11,804			10,160
		23,032			21,366
Less accumulated depreciation		(17,316	)		(16,218	)
	$	5,716		$	5,148

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 from continuing operations was $1,137,000 and $1,052,000 for 2015 and 2014, respectively.

The Company leases a portion of its headquarters facility to various tenants.  Net rent received from these leases totaled $264,000 and $359,000 for 2015 and 2014, respectively.  Future minimum rent payments due to the Company under these lease arrangements are approximately $306,000, $246,000 and $57,000 in 2016, 2017 and 2018, respectively.

The Company leases office space under various operating leases. Rental expense from continuing operations on operating leases was approximately $1.4 million and $1.3 million for 2015 and 2014, respectively.  Future minimum lease payments under all non-cancelable operating leases are (in thousands):

2016		1,466
2017		1,149
2018		924
2019		860
2020		336
Thereafter		738
	$	5,473