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PROPERTY AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2019
Property Plant And Equipment [Abstract] |
PROPERTY AND EQUIPMENT |
6. | PROPERTY AND EQUIPMENT:
| Property and equipment, net consist of the following (in thousands):
|  | September 30, 2019 |  |  | December 31, 2018 |
Land |  | $ | 2,642 |  |  | $ | 1,006 |
Building and improvements |  |  | 46,982 |  |  |  | 39,285 |
Office and lab equipment |  |  | 64,536 |  |  |  | 55,333 |
Furniture, fixtures and computer related assets |  |  | 7,391 |  |  |  | 6,941 |
Construction-in-progress |  |  | 18,615 |  |  |  | 12,117 |
|  |  | 140,166 |  |  |  | 114,682 |
Less: Accumulated depreciation |  |  | (53,900 | ) |  |  | (44,943 | )
Property and equipment, net |  | $ | 86,266 |  |  | $ | 69,739 |
Depreciation expense was $3.2 million and $1.7 million for the three months ended September 30, 2019 and 2018, respectively, and $9.0 million and $6.1 million for the nine months ended September 30, 2019 and 2018, respectively. During the nine months ended September 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.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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