Property And Equipment

3 Months Ended

Mar. 31, 2013

(4) Property and Equipment

Property and equipment at March 31, 2013 and December 31, 2012 were as follows:



(in thousands)	2013			2012			Useful Life (in years)
Land	$	541		$	541		N/A
Building		9,315			9,315		25
Machinery and equipment		46,971			45,869		3-7
Capitalized software — ERP		3,680			3,181		5
Office furniture and equipment		3,525			3,357		5
Leasehold improvements		8,922			6,467		Life of lease ⁽¹⁾
Rental equipment		—			57		5
Construction in progress		1,822			2,595		N/A
Total property and equipment		74,776			71,382
Less: Accumulated depreciation and amortization		(38,782	)		(37,029	)
Total property and equipment, net	$	35,994		$	34,353

(1)	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 quarter ended March 31, 2013 was $2,180 compared to $1,972 for the quarter ended March 31, 2012.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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