PROPERTY, PLANT, AND EQUIPMENT

9 Months Ended

Sep. 30, 2020

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

7.    PROPERTY, PLANT, AND EQUIPMENT

Property and equipment consist of the following as of:

	September 30,		December 31,
(in thousands)	2020		2019
Land	$	4,667	$	4,566
Buildings		11,142		10,275
Machinery, furniture, and equipment		38,257		34,984
Construction in progress		2,671		3,496
		56,737		53,321
Less: accumulated depreciation		(16,293)		(12,770)
Property and equipment, net	$	40,444	$	40,551

Depreciation expense was $1.2 million and $1.1 million for the three months ended September 30, 2020 and 2019, respectively. Depreciation expense was $3.5 million and $3.2 million for the nine months ended September 30, 2020 and 2019, respectively. During the three months ended September 30, 2020 and 2019, there was less than $0.1 million of interest capitalized into construction in progress. During the nine months ended September 30, 2020 and 2019, there was $0.1 and $0.2 million of interest capitalized into construction in progress, respectively. Construction in progress consists of multiple projects, primarily related to new equipment to expand our manufacturing capability as our product lines continue to grow.