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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2019
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6.

PROPERTY AND EQUIPMENT:

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

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Land

 

$

2,642

 

 

$

1,006

 

Building and improvements

 

 

46,623

 

 

 

39,285

 

Office and lab equipment

 

 

62,388

 

 

 

55,333

 

Furniture, fixtures and computer related assets

 

 

7,331

 

 

 

6,941

 

Construction-in-progress

 

 

15,353

 

 

 

12,117

 

 

 

 

134,337

 

 

 

114,682

 

Less: Accumulated depreciation

 

 

(50,742

)

 

 

(44,943

)

Property and equipment, net

 

$

83,595

 

 

$

69,739

 

Depreciation expense was $3.0 million and $2.2 million for the three months ended June 30, 2019 and 2018, respectively, and $5.8 million and $4.4 million for the six months ended June 30, 2019 and 2018, respectively.

During the six months ended June 30, 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.