Property And Equipment

9 Months Ended

Sep. 30, 2016

(3) Property and Equipment

Property and equipment, net, as of September 30, 2016 and December 31, 2015 were as follows:



(in thousands)	2016		2015		Useful Life (in years)
Land	$	903	$	903	N/A
Building		11,032		11,007	25-30
Machinery and equipment		112,158		105,383	2-7
Capitalized software		8,856		7,391	3-5
Office furniture and equipment		4,950		4,714	1-5
Leasehold improvements		24,287		17,867	Life of lease (a)
Rental equipment		154		149	5
Construction in progress		5,020		9,578	N/A
Total property and equipment		167,360		156,992
Less: Accumulated depreciation and amortization		(86,523)		(70,997)
Total property and equipment, net	$	80,837	$	85,995

^(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 was $6,176 and $18,386 for the quarter and nine months ended September 30, 2016, respectively, compared to $5,908 and $15,308 for the quarter and nine months ended September 30, 2015, respectively.

For the nine months ended September 30, 2016, the Company recognized impairment charges of $7,069 on property and equipment, net. No impairment charges were recognized for the nine months ended September 30, 2015.