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

6.

PROPERTY AND EQUIPMENT:

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Land

 

$

2,642

 

 

$

1,006

 

Building and improvements

 

 

47,994

 

 

 

39,285

 

Office and lab equipment

 

 

74,726

 

 

 

55,333

 

Furniture, fixtures and computer related assets

 

 

7,592

 

 

 

6,941

 

Construction-in-progress

 

 

12,194

 

 

 

12,117

 

 

 

 

145,148

 

 

 

114,682

 

Less: Accumulated depreciation

 

 

(57,276

)

 

 

(44,943

)

Property and equipment, net

 

$

87,872

 

 

$

69,739

 

Depreciation expense was $12.5 million, $8.6 million and $4.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.

During the year ended December 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.