Property and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property and equipment at December 31 consists of:



	(in thousands)
	2012			2011
Land	$	770		$	770
Land improvements	1,619			1,619
Buildings	4,727			4,583
Building improvements	24,875			24,883
Vehicles	261			220
Furniture, fixtures and equipment	3,712			4,281
Construction in Progress	136			—
	36,100			36,356
Less—Accumulated depreciation	(9,532		)	(8,862		)
	$	26,568		$	27,494

Depreciation expense was approximately $1.4 million and $1.3 million for years ended December 31, 2012 and 2011, respectively.

The VGMs in the Company’s facility are owned by the NYL and, accordingly, the Company's consolidated financial statements include neither the cost nor the depreciation of those devices.

- 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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