VSE Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2014

Property and Equipment [Abstract]

Property and Equipment

(4) Property and Equipment

Property and equipment consisted of the following as of December 31, 2014 and 2013 (in thousands):

	2014			2013
Buildings and building improvements	$	45,825		$	45,418
Computer equipment		25,327			24,933
Furniture, fixtures, equipment and other		17,603			16,604
Leasehold improvements		3,567			3,567
Land and land improvements		3,410			3,410
		95,732			93,932
Less accumulated depreciation and amortization		(42,821	)		(36,194	)
Total property and equipment, net	$	52,911		$	57,738

Depreciation and amortization expense for property and equipment for the years ended December 31, 2014, 2013 and 2012 was approximately $7.9 million, $9 million and $9.2 million, respectively.

- 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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