Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
12 Months Ended
Dec. 31, 2013
Property and Equipment  
Property and Equipment

(6)  Property and Equipment

 

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

 

 

 

As of December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Property and equipment, net:

 

 

 

 

 

Land

 

$

172

 

172

 

Leasehold improvements

 

3,338

 

2,803

 

Machinery and equipment

 

38,565

 

27,773

 

 

 

42,075

 

30,748

 

Accumulated depreciation

 

(17,514

)

(10,189

)

 

 

$

24,561

 

20,559

 

 

Depreciation expense for property and equipment was $7,327,000, $5,286,000 and $4,704,000 for the years ended December 31, 2013, 2012 and 2011, respectively.