Property And Equipment

3 Months Ended

Mar. 31, 2014

(4) Property and Equipment

Property and equipment at March 31, 2014 and December 31, 2013 were as follows:



(in thousands)	2014		2013		Useful Life (in years)
Land	$	541	$	541	N/A
Building		9,315		9,315	25
Machinery and equipment		60,359		56,962	3-7
Capitalized software — ERP		3,877		3,872	5
Office furniture and equipment		3,751		3,586	5
Leasehold improvements		9,688		9,395	Life of lease (a)
Rental equipment		609		—	5
Construction in progress		6,437		4,014	N/A
Total property and equipment		94,577		87,685
Less: Accumulated depreciation and amortization		(45,595)		(42,477)
Total property and equipment, net	$	48,982	$	45,208

^(a)

Leasehold improvements are amortized on a straight-line basis over the shorter of (i) their estimated useful lives and (ii) the estimated or contractual life of the related lease.

Depreciation and amortization expense on property and equipment for the quarters ended March 31, 2014 and 2013 was $3,036 and $2,180, respectively.

- 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.

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