Property and Equipment

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment at September 30, 2016 and December 31, 2015 consisted of the following:

(in thousands, except for useful life data)	Useful life (years)	September 30, 2016			December 31, 2015
Land, buildings & improvements	7-20	$	1,369		$	517
Machinery & equipment	1-12	4,268			3,664
Furniture	1-12	703			145
Construction in progress		4,238			539
		10,578			4,865
Less: accumulated depreciation		(832		)	(259		)
		$	9,746		$	4,606

Depreciation expense for the three and nine months ended September 30, 2016 (Successor) was $0.2 million and $0.6 million, respectively. Depreciation expense for the one and seven months ended July 31, 2015 (Predecessor) was $0.1 million and $0.5 million, respectively. Depreciation expense for the two months ended September 30, 2015 (Successor) was $0.1 million. Depreciation expense is recorded in cost of sales, selling, general and administrative expense and research and development expense in the condensed consolidated and combined statements of operations.