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Property, Plant, and Equipment
3 Months Ended
Mar. 31, 2017
Property, Plant, and Equipment  
Property, Plant, and Equipment

11.  Property, Plant, and Equipment

 

Property, plant, and equipment consist of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

 

2017

 

2016

 

 

 

(in thousands)

 

Buildings

    

$

85,568

    

$

85,283

 

Leasehold improvements

 

 

29,250

 

 

24,619

 

Land

 

 

6,873

 

 

6,857

 

Machinery and equipment

 

 

112,718

 

 

111,041

 

Furniture, fixtures, and automobiles

 

 

15,359

 

 

15,113

 

Construction in progress

 

 

31,956

 

 

32,044

 

Total property, plant, and equipment

 

 

281,724

 

 

274,957

 

Less accumulated depreciation

 

 

(124,335)

 

 

(122,013)

 

Total property, plant, and equipment, net

 

$

157,389

 

$

152,944

 

 

As of March 31, 2017 and December 31, 2016, the Company had $2.5 million and $2.6 million, respectively, in capitalized manufacturing equipment that is intended to be used specifically for the manufacture of Primatene® Mist. The Company will continue to monitor developments with the FDA as it relates to its Primatene® Mist indefinite lived intangible assets in determining if there is an impairment of these related fixed assets (see Note 9).