PROPERTY, PLANT, AND EQUIPMENT

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

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

(in thousands)	September 30, ‎ 2018 (1)			December 31, 2017
Land	$	4,558		$	160
Buildings		6,725			3,835
Machinery, furniture, and equipment		23,038			12,334
Construction in progress		10,744			10,663
		45,065			26,992
Less: accumulated depreciation		(7,647	)		(6,589	)
Property, Plant, and Equipment, net	$	37,418		$	20,403

(1)

Includes property, plant, and equipment acquired in acquisition of WellSpring (Note 3).

Depreciation expense was $0.6 million and $0.3 million for the three months ended September 30, 2018 and 2017, respectively. Depreciation expense was $1.3 million and $0.9 million for the nine months ended September 30, 2018 and 2017, respectively. During the three months ended September 30, 2018 and 2017, there was $0.2 million and $0.1 million of interest capitalized into construction in progress, respectively. During the nine months ended September 30, 2018 and 2017, there was $0.6 million and $0.4 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.