Property, Equipment And Building Improvements

12 Months Ended

Dec. 31, 2011

Property, Equipment And Building Improvements [Abstract]

Property, Equipment And Building Improvements

Note 5. Property, Equipment and Building Improvements

Property, equipment and building improvements consists of the following at December 31, 2011 and 2010:


(in thousands)	2011		2010
Land	$	156	$	156
Building		3,039		3,039
Computers and equipment		12,019		9,953
Leasehold improvements		6,001		5,234

		21,215		18,382
Less: accumulated depreciation and amortization		9,232		6,914

Property, equipment and building improvements, net	$	11,983	$	11,468

During 2009, we reclassified property and a building that was previously held for sale to a held and use long term asset. Accordingly, we adjusted the carrying value of the building to fair value at the time of the reclassification and incurred a $3.4 million impairment charge related to the building.

The useful life for the major categories of property and equipment are 30 years for the building, 3 to 5 years for computers and equipment and 15 years for building improvements.

- 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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