PROPERY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Land, buildings and equipment owned by the Company and its subsidiaries at December 31, 2012 and 2011 are summarized as follows (in thousands):



	December 31
	2012			2011
Buildings and leasehold improvements	$	95,270		$	95,374
Furniture and equipment	61,519			56,387
Less accumulated depreciation	(87,646		)	(80,949		)
Subtotal	69,143			70,812
Land	19,974			20,623
Property and equipment, net	$	89,117		$	91,435

The Company’s depreciation expense related to property and equipment was $7.8 million, $8.6 million, and $9.2 million for the years ended December 31, 2012, 2011 and 2010, respectively. The Company’s rental expense was $7.1 million, $6.7 million, and $6.8 million for the years ended December 31, 2012, 2011 and 2010, respectively.

The Company’s obligations under long-term property leases over the next five years is as follows:



Year		Amount
2013		$ 6.8 million
2014		6.0 million
2015		3.9 million
2016		3.0 million
2017		2.2 million
Thereafter		9.4 million

- 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.

+ References+ Details