Property and equipment were comprised of the following at December 31, 2025 and 2024:
(In thousands)20252024
Buildings and improvements$52 $52 
Computer equipment11,855 10,963 
Leasehold improvements246 246 
Office furniture and fixtures530 540 
Construction in progress381 — 
Automobiles18 18 
13,082 11,819 
Less: accumulated depreciation(10,606)(9,525)
Property and equipment, net$2,476 $2,294 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Mar 17, 2025
2023Mar 15, 2024
2022Mar 16, 2023
2021Mar 15, 2022
2020Mar 12, 2021
2019Mar 11, 2020
2018Mar 18, 2019
2017Mar 14, 2018
2016Mar 15, 2017
2015Mar 14, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.