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PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2016
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

4.PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment is classified as follows (in thousands):

 

 

 

September 30,
2016

 

December 31,
2015

 

Land

 

$

976

 

$

970

 

Building and improvements

 

9,961

 

9,771

 

Machinery, equipment, tools and dies

 

43,484

 

37,782

 

Furniture, fixtures and other

 

10,534

 

8,657

 

 

 

 

 

 

 

 

 

64,955

 

57,180

 

Less accumulated depreciation

 

(26,458

)

(21,865

)

 

 

 

 

 

 

Property, plant and equipment, net

 

$

38,497

 

$

35,315

 

 

 

 

 

 

 

 

 

 

Depreciation expense was approximately $1,657 and $1,226 for the quarters ended September 30, 2016 and 2015, respectively. For the nine months ended September 30, 2016 and 2015, depreciation expense was $4,900 and $3,569, respectively.