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Property and Equipment
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

(7) Property and Equipment

Property and Equipment

Property and equipment are stated at cost. Repairs and maintenance are charged to expense when incurred.

Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, generally two to ten years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life or the lease term.

 

 

 

December 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Office furniture and fixtures

 

$

1,551

 

 

$

1,168

 

Software

 

 

3,068

 

 

 

2,146

 

Equipment

 

 

4,390

 

 

 

4,071

 

Leasehold improvements

 

 

1,720

 

 

 

1,617

 

Gross property and equipment

 

 

10,729

 

 

 

9,002

 

Less accumulated depreciation and amortization

 

 

(6,493

)

 

 

(5,432

)

Property and equipment, net

 

$

4,236

 

 

$

3,570

 

 

Leases

Future minimum lease payments under non-cancelable operating leases are as follows:

 

 

 

Operating

 

Year ending December 31:

 

Leases

 

2018

 

$

992

 

2019

 

 

1,023

 

2020

 

 

848

 

2021

 

 

804

 

2022

 

 

828

 

Thereafter

 

 

1,070

 

Total minimum lease payments

 

$

5,565

 

 

Rent expense on the operating leases was as follows:

 

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Rent expense

 

$

1,312

 

 

$

1,022

 

 

$

1,045