PROPERTY, PLANT, AND EQUIPMENT

6 Months Ended

Jun. 30, 2020

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

7.    PROPERTY, PLANT, AND EQUIPMENT

Property and equipment consist of the following as of:

	June 30,		December 31,
(in thousands)	2020		2019
Land	$	4,566	$	4,566
Buildings		10,391		10,275
Machinery, furniture, and equipment		36,708		34,984
Construction in progress		3,358		3,496
		55,023		53,321
Less: accumulated depreciation		(15,086)		(12,770)
Property and equipment, net	$	39,937	$	40,551

Depreciation expense was $1.2 million and $1.1 million for the three months ended June 30, 2020 and 2019, respectively. Depreciation expense was $2.3 million and $2.2 million for the six months ended June 30, 2020 and 2019, respectively. During the three months ended June 30, 2020 and 2019, there was less than $0.1 million of interest capitalized into construction in progress. During the six months ended June 30, 2020 and 2019, there was less than $0.1 million of interest capitalized into construction in progress. Construction in progress consists of multiple projects, primarily related to new equipment to expand our manufacturing capability as our product lines continue to grow.