Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.6.0.2
Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

3. Property and Equipment

Building and Land, stated at lower of cost or estimated fair value, consists of the following as of December 31:

 

(in thousands)

 

2016

 

 

2015

 

Land

 

$

4,829

 

 

$

4,829

 

Building

 

 

16,874

 

 

 

17,699

 

 

 

 

21,703

 

 

 

22,528

 

Accumulated depreciation and amortization

 

 

(4,807

)

 

 

(4,742

)

 

 

$

16,896

 

 

$

17,786

 

 

Software, equipment and media library stated at lower of cost or estimated fair value, consists of the following as of December 31:

 

(in thousands)

 

2016

 

 

2015

 

Website development costs and other software

 

$

4,421

 

 

$

5,002

 

Studio, computer and telephone equipment

 

 

693

 

 

 

435

 

Media library

 

 

11,486

 

 

 

10,192

 

 

 

 

16,600

 

 

 

15,629

 

Accumulated depreciation and amortization

 

 

(3,739

)

 

 

(3,891

)

 

 

$

12,861

 

 

$

11,738

 

 

Future depreciation and amortization consists of the following:

 

(in thousands)

 

 

 

 

2017

 

$

3,985

 

2018

 

 

3,708

 

2019

 

 

2,897

 

2020

 

 

1,965

 

2021

 

 

1,697

 

Thereafter

 

 

10,676

 

 

 

$

24,928