Property And Equipment

3 Months Ended

Mar. 31, 2015

(4) Property and Equipment

Property and equipment at March 31, 2015 and December 31, 2014 were as follows:



(in thousands)	2015		2014		Useful Life (in years)
Land	$	541	$	541	N/A
Building		9,373		9,370	25
Machinery and equipment		93,467		84,443	3-7
Capitalized software		3,853		3,693	3-5
Office furniture and equipment		4,566		3,478	3-5
Leasehold improvements		14,561		12,447	Life of lease (a)
Rental equipment		498		557	5
Construction in progress		11,866		20,082	N/A
Total property and equipment		138,725		134,611
Less: Accumulated depreciation and amortization		(55,988)		(52,730)
Total property and equipment, net	$	82,737	$	81,881

^(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, 2015 and 2014 was $4,709 and $3,036 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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