Furniture, Equipment, And Leasehold Improvements, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Furniture, Equipment, And Leasehold Improvements, Net

14. FURNITURE, EQUIPMENT, AND LEASEHOLD IMPROVEMENTS, NET

Furniture, equipment, and leasehold improvements, net, which are included as a component of other assets on the consolidated balance sheets, are as follows:


FURNITURE, EQUIPMENT, AND LEASEHOLD IMPROVEMENTS, NET
(Dollars in Thousands)

	Estimated Useful Lives	December 31, 2013		December 31, 2012

Furniture and equipment	3 to 5 Years	$	3,169	$	2,549
Leasehold improvements	5 to 10 Years		5,122		4,465
			8,291		7,014
Accumulated depreciation			(6,237)		(4,741)
Furniture, equipment, and leasehold improvements, net		$	2,054	$	2,273

For the year ended December 31, 2012, the Company wrote off fully depreciated furniture and equipment and leasehold improvements aggregating $8,581.

The Company recognized depreciation and amortization expense of $1,405, $1,305, and $2,238 for the years ended December 31, 2013, 2012, and 2011, respectively, as a component of depreciation and amortization on the consolidated statements of operations. For the years ended December 31, 2013, 2012, and 2011, $1,154, $1,305, and $2,238, respectively, represented depreciation of furniture, equipment, and leasehold improvements and the remainder represented amortization of certain intangible assets.

- 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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