Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment, at cost, consists of the following:

	December 31,
	2020		2019
Land	$	5,265	$	5,265
Buildings and leasehold improvements	85,857		84,544
Furniture, fixtures and equipment	44,112		42,966
	135,234		132,775
Less: accumulated depreciation	(91,914)		(85,020)
Net property and equipment	$	43,320	$	47,755

As discussed further in Note 8, "Long-term Debt, Interest Rate Swap and Finance Lease Obligations", the property and equipment of certain skilled nursing centers are pledged as collateral for mortgage debt obligations. In addition, the Company has assets recorded as finance leased assets purchased through finance lease obligations. The Company capitalizes leasehold improvements which will revert back to the lessor of the property at the expiration or termination of the lease, and depreciates these improvements over the shorter of the remaining lease term or the assets' estimated useful lives.