Property and Equipment

12 Months Ended

Dec. 31, 2014

Property Plant And Equipment [Abstract]

NOTE 9. Property and Equipment

Property and equipment consist of the following (in thousands):

	December 31,
	2014			2013
Land	$	9,855		$	9,855
Building and improvements		35,212			35,212
Leasehold improvements		4,241			4,245
Computer equipment and software		70,719			74,751
Furniture and equipment		12,931			12,729
Transportation equipment		346,055			236,900
		479,013			373,692
Less: Accumulated depreciation and amortization		(140,686	)		(113,292	)
Property and Equipment, net	$	338,327		$	260,400

The increase in transportation equipment to $346.1 million in 2014 from $236.9 million in 2013 was due primarily to the purchase of tractors and containers.

Included in the transportation equipment is a capital lease obligation entered into for $26.4 million in 2011. The balances as of December 31, 2014 and 2013, net of accumulated amortization, were $17.4 million and $20.0 million, respectively.

Depreciation and amortization expense related to property and equipment was $28.3 million, $20.2 million and $19.6 million for 2014, 2013 and 2012, respectively, which includes $2.6 million of amortization expense associated with a capital lease for each of the years ending 2014, 2013 and 2012. This amortization expense is included in transportation costs. Transportation equipment depreciation is included in transportation costs.

- 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.

+ References+ Details