PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Land, buildings and equipment owned by the Company and its subsidiaries at December 31, 2013 and 2012 are summarized as follows (in thousands):



	December 31
	2013			2012
Buildings and leasehold improvements	$	99,351		$	95,270
Furniture and equipment	65,912			61,519
Less accumulated depreciation	(94,970		)	(87,646		)
Subtotal	70,293			69,143
Land	19,974			19,974
Property and equipment, net	$	90,267		$	89,117

The Company’s depreciation expense related to property and equipment was $7.5 million, $7.8 million, and $8.6 million for the years ended December 31, 2013, 2012 and 2011, respectively. The Company’s rental expense was $7.3 million, $7.1 million, and $6.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.

The Company’s obligations under long-term property leases are as follows:



Year		Amount
2014		$ 7.4 million
2015		5.5 million
2016		4.8 million
2017		4.0 million
2018		3.6 million
Thereafter		11.9 million
Total		$ 37.2 million

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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