PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

6. PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following as of December 31:

	December 31,		December 31,
(in thousands)	2021(1)		2020
Land	$	5,947	$	4,667
Buildings		19,970		11,633
Machinery, furniture, and equipment		46,769		39,111
Construction in progress		2,941		3,385
		75,627		58,796
Less: accumulated depreciation		(22,956)		(17,527)
Property and equipment, net	$	52,671	$	41,269

(1) Includes property and equipment acquired in the acquisition of Novitium (Note 2).

Depreciation expense for the years ended December 31, 2021, 2020, and 2019 totaled $5.5 million, $4.8 million, and $4.4 million, respectively. During the years ended December 31, 2021, 2020, and 2019 there was $0.1 million, $0.1 million, and $0.2 million of interest capitalized into construction in progress, respectively.