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Property and Equipment
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

Property and equipment consist of the following (in thousands):

 

 

 

Estimated Useful

 

 

December 31,

 

 

 

Life (Years)

 

 

2019

 

 

2018

 

Land

 

 

 

 

$

875

 

 

$

875

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

Building improvements

 

5-40

 

 

 

37,543

 

 

 

34,967

 

Machinery and equipment

 

3-15

 

 

 

54,982

 

 

 

61,217

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

3,005

 

 

 

2,954

 

Computer equipment and software

 

 

3

 

 

 

8,234

 

 

 

8,355

 

Construction in progress

 

 

 

 

 

114

 

 

 

342

 

 

 

 

 

 

 

 

122,142

 

 

 

126,099

 

Less accumulated depreciation

 

 

 

 

 

 

(95,364

)

 

 

(100,497

)

Total property and equipment, net

 

 

 

 

 

$

26,778

 

 

$

25,602

 

 

Depreciation expense related to property and equipment for the years ended December 31, 2019 and 2018 was $1.6 million and $1.7 million, respectively. During the year ended December 31, 2019, the Company retired $6.7 million of manufacturing equipment and computer hardware as it was no longer in service. During the year ended December 31, 2018, the Company disposed of $2.1 million of furniture and fixtures, manufacturing equipment and laboratory equipment as it was no longer in service. The net book value for the disposed assets was de minimis.