Property And Equipment

12 Months Ended

Dec. 31, 2014

Note 5 Property and Equipment

Property and equipment at December 31, 2014 and 2013 are summarized as follows:


(in thousands)	2014		2013		Useful Life (in years)
Land	$	541	$	541	N/A
Building		9,370		9,315	25
Machinery and equipment		84,443		56,962	3-7
Capitalized software		3,693		3,872	3-5
Office furniture and equipment		3,478		3,586	3-5
Leasehold improvements		12,447		9,395	Life of lease (a)
Rental equipment		557		—	5
Construction in progress		20,082		4,014	N/A
Total property and equipment		134,611		87,685
Less: Accumulated depreciation and amortization		(52,730)		(42,477)
Total property and equipment, net	$	81,881	$	45,208

^(a)

Leasehold improvements are amortized on a straight-line basis over the shorter of (i) their estimated useful lives and (ii) the estimated or contractual life of the related lease.

Depreciation and amortization expense on property and equipment for the years ended 2014, 2013 and 2012 was $14,727, $9,746 and $8,441, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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