PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT:

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

	December 31,
	2015			2014
Land	$	820		$	820
Building and improvements	19,642			17,631
Office and lab equipment	25,086			23,666
Furniture, fixtures and computer related assets	2,457			506
Construction-in-progress	2,299			2,112
	50,304			44,735
Less: Accumulated depreciation	(27,897		)	(24,813		)
Property and equipment, net	$	22,407		$	19,922

Depreciation expense was approximately $3.1 million, $2.1 million and $2.0 million for the years ended December 31, 2015, 2014 and 2013, respectively.