Property And Equipment

12 Months Ended

Dec. 31, 2016

Note 5 Property and Equipment

Property and equipment at December 31, 2016 and 2015 are summarized as follows:



(in thousands)	2016		2015		Useful Life (in years)
Land	$	903	$	903	N/A
Building		11,122		11,007	25-30
Machinery and equipment		108,682		105,383	2-7
Capitalized software		8,651		7,391	3-5
Office furniture and equipment		3,130		4,714	1-5
Leasehold improvements		24,423		17,867	Life of lease (a)
Rental equipment		144		149	5
Construction in progress		7,760		9,578	N/A
Total property and equipment		164,815		156,992
Less: Accumulated depreciation and amortization		(84,837)		(70,997)
Total property and equipment, net	$	79,978	$	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 expense on property and equipment for the years ended 2016, 2015 and 2014 was $24,331, $20,979 and $14,727, respectively.

For the years ended December 31, 2016 and 2015, the Company recognized impairment charges of $7,408 and $614, respectively, on property and equipment, net. No impairment charges were recognized for the year ended December 31, 2014.