Property And Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property And Equipment

Property and Equipment

Property and equipment as of December 31, 2021 and 2020 consist of the following (in thousands):

	2021		2020
Machinery and equipment	$	278,347	$	294,045
Land, buildings and improvements	27,299		28,509
Furniture and fixtures	8,943		10,001
Leasehold improvements	6,782		8,194
Capitalized software	30,448		17,527
Property and Equipment, gross	351,819		358,276
Accumulated depreciation	(290,898)		(302,033)
Property and Equipment, net	$	60,921	$	56,243

Machinery and equipment includes demonstration units placed in provider locations which are depreciated to their estimated recoverable values over their estimated useful lives.

In the fourth quarter of 2019, the company initiated the first stage of an Enterprise Resource Planning ("ERP") software implementation. Related to the ERP project, the company capitalized certain costs in accordance with ASC 350 as shown in capitalized software above. The net book value of capitalized software was $28,715,000 and $17,527,000 at December 31, 2021 and 2020, respectively. Depreciation expense related to capitalized software started in 2021, subsequent to the first stage implementation of the ERP and was $1,733,000 for the year ended December 31, 2021.

Unpaid purchases of property and equipment at December 31, 2021 and 2020 were $1,090,000 and $1,704,000, respectively and are excluded from purchases of property and equipment on the consolidated statements of cash flows for those periods ending and are included in subsequent periods when paid.