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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2019
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6.

PROPERTY AND EQUIPMENT:

Property and equipment, net consist of the following (in thousands):

 

 

 

March 31, 2019

 

 

December 31, 2018

 

Land

 

$

2,642

 

 

$

1,006

 

Building and improvements

 

 

46,304

 

 

 

39,285

 

Office and lab equipment

 

 

57,753

 

 

 

55,333

 

Furniture, fixtures and computer related assets

 

 

6,983

 

 

 

6,941

 

Construction-in-progress

 

 

14,634

 

 

 

12,117

 

 

 

 

128,316

 

 

 

114,682

 

Less: Accumulated depreciation

 

 

(47,701

)

 

 

(44,943

)

Property and equipment, net

 

$

80,615

 

 

$

69,739

 

Depreciation expense was $2.8 million and $2.2 million for the three months ended March 31, 2019 and March 31, 2018, respectively.

During the three months ended March 31, 2019, the Company purchased property in Ewing, New Jersey, adjacent to its headquarters, as part of its plan to expand operations. The new facilities added approximately 88,000 square feet at a cost of $8.2 million and will allow for the expansion of research and development activities, manufacturing logistics and other corporate functions.