FURMANITE CORP | 2012 | FY | 3


5. Property and Equipment

Property and equipment consisted of the following at December 31, (in thousands):

 

                 
    2012     2011  

Land

  $ 2,561     $ 2,170  

Buildings

    6,139       5,513  

Machinery and equipment

    69,244       61,090  

Furnitures and fixtures

    6,408       7,134  

Vehicles

    2,671       2,596  

Other

    3,396       3,610  
   

 

 

   

 

 

 

Total property and equipment

    90,419       82,113  

Less: accumulated depreciation and amortization

    (51,132     (48,698
   

 

 

   

 

 

 

Total

    39,287       33,415  
   

 

 

   

 

 

 

Construction in progress

    2,956       645  
   

 

 

   

 

 

 

Net property and equipment

  $ 42,243     $ 34,060  
   

 

 

   

 

 

 

Depreciation and amortization expense of property and equipment for the years ended December 31, 2012, 2011 and 2010 was $7.6 million, $7.6 million and $6.3 million, respectively.

Vehicles under capital leases are included in the cost and accumulated depreciation and amortization as follows at December 31, (in thousands):

 

                 
    2012     2011  

Vehicle capital leases

  $ 1,575     $ 1,568  

Less: accumulated depreciation and amortization

    (1,527     (1,496
   

 

 

   

 

 

 

Net equipment acquired under capital leases

  $ 48     $ 72  
   

 

 

   

 

 

 

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