Property and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

In connection with the Strategic Review, the Company determined to dispose of certain equipment and molds that would no longer be used on go-forward brands and product lines, and wrote-off $2,535 for the three months ended March 31, 2020, which was included in loss on disposal of intangible assets and equipment in the condensed consolidated statements of operations.

Property and equipment, net consisted of the following as of March 31, 2020, and December 31, 2019:

	Useful Lives	March 31, 2020		December 31, 2019
Computer equipment and software	3 to 5 years	$	1,887	$	1,237
Equipment and molds	3 to 10 years	14,484		18,851
Furniture and fixtures	7 years	1,857		1,876
Automobiles	5 years	35		75
Building and improvements	40 years	2,429		2,429
Leasehold improvements	1 to 9 years	7,272		7,710
Property and equipment, gross		27,964		32,178
Less accumulated depreciation and amortization		(12,717)		(14,159)
Property and equipment, net		$	15,247	$	18,019

For the three months ended March 31, 2020, and 2019, depreciation expenses were $1,832 and $1,592, respectively, which were included as a component of selling, general and administrative expense in the consolidated statements of income.