Property and Equipment, Net

12 Months Ended

Dec. 31, 2011

3. Property and Equipment, Net

Property and equipment, net, was comprised of the following at December 31:

In thousands	2011			2010
Leasehold improvements	$	22,252		$	22,090
Construction in progress		699			---
Equipment and furniture		17,032			15,675
		39,983			37,765
Less accumulated depreciation and amortization		(33,372	)		(30,728	)
	$	6,611		$	7,037

Depreciation and amortization expense for the years ended December 31, 2011, 2010 and 2009 was $2.8 million, $3.0 million and $3.2 million, respectively.

The Company leases certain assets under capital leases having terms up to three years. Assets under capital leases included in property and equipment were as follows at December 31:

In thousands	2011			2010
Equipment and furniture	$	392		$	420
Less accumulated depreciation and amortization		(257	)		(172	)
	$	135		$	248

- 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.

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