6. Property and Equipment
At December 31, 2007 and 2006 property and equipment, a component of other assets, consisted of (in thousands):
| Depreciable Life in Years | 2007 | 2006 | |
|---|---|---|---|
| Land and land improvements | 15 | $2,781 | $2,761 |
| Buildings | 40 | 51,600 | 50,135 |
| Furniture and Equipment | 3–5 | 16,170 | 20,537 |
| Total | 70,551 | 73,433 | |
| Less, Accumulated depreciation and amortization | (18,429) | (21,882) | |
| Property and equipment, net | $52,122 | $51,551 |