Property And Equipment

9 Months Ended

Sep. 30, 2015

(4) Property and Equipment

Property and equipment, net, as of September 30, 2015 and December 31, 2014 were as follows:



(in thousands)	2015		2014		Useful Life (in years)
Land	$	903	$	541	N/A
Building		10,973		9,370	25
Machinery and equipment		104,818		84,443	3-7
Capitalized software		4,793		3,693	3-5
Office furniture and equipment		4,879		3,478	3-5
Leasehold improvements		18,296		12,447	Life of lease (a)
Rental equipment		516		557	5
Construction in progress		9,481		20,082	N/A
Total property and equipment		154,659		134,611
Less: Accumulated depreciation and amortization		(66,119)		(52,730)
Total property and equipment, net	$	88,540	$	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.

For the quarter and nine months ended September 30, 2015, depreciation expense on property and equipment was $5,908 and $15,308, respectively, compared to $3,828 and $10,320, respectively, for the quarter and nine months ended September 30, 2014.