PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2019

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT:

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

	September 30, 2019			December 31, 2018
Land	$	2,642		$	1,006
Building and improvements		46,982			39,285
Office and lab equipment		64,536			55,333
Furniture, fixtures and computer related assets		7,391			6,941
Construction-in-progress		18,615			12,117
		140,166			114,682
Less: Accumulated depreciation		(53,900	)		(44,943	)
Property and equipment, net	$	86,266		$	69,739

Depreciation expense was $3.2 million and $1.7 million for the three months ended September 30, 2019 and 2018, respectively, and $9.0 million and $6.1 million for the nine months ended September 30, 2019 and 2018, respectively.

During the nine months ended September 30, 2019, the Company purchased property in Ewing, New Jersey, adjacent to its headquarters, as part of its plan to expand operations. The new facilities added approximately 88,000 square feet at a cost of $8.2 million and will allow for the expansion of research and development activities, manufacturing logistics and other corporate functions.