• Filing Date: 2014-03-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Property and Equipment, net
12 Months Ended
Dec. 31, 2013
Property Plant And Equipment [Abstract]  
Property and Equipment, net

Note 8 — Property and Equipment, net

Property and equipment, net consists of the following:

 

     December 31,  
     2013     2012  

Land

   $ 1,642      $ 1,241   

Building

     7,596        5,955   

Computer hardware and software

     1,486        1,089   

Office furniture and equipment

     1,407        1,131   

Tenant and leasehold improvements

     3,093        2,767   

Other

     629        251   
  

 

 

   

 

 

 

Total, at cost

     15,853        12,434   

Less: accumulated depreciation and amortization

     (2,721     (1,581
  

 

 

   

 

 

 

Property and equipment, net

   $ 13,132      $ 10,853   
  

 

 

   

 

 

 

On February 28, 2013, the Company purchased real estate in Ocala, Florida for a total purchase price of $2,002. At acquisition, the real estate consisted of 1.6 acres of land and a vacant office building with rentable area of approximately 16,000 square feet. The facility is currently used by the Company’s insurance operations and, also, as an alternative location in the event a catastrophic event impacts the Company’s home office and other support operations.

Depreciation and amortization expense under property and equipment was $1,151, $848 and $466, respectively, for the years ended December 31, 2013, 2012 and 2011.