Note 7 - Property and Equipment

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7.

Property and Equipment

Property and equipment is stated at cost and consists of the following:

	December 31,
	2016			2015
Equipment and software	$	27,456		$	24,512
Furniture and fixtures		1,126			1,240
Leasehold improvements		27,796			27,622
Construction in progress		22,695			11,274
Subtotal		79,073			64,648
Less accumulated depreciation		(26,777	)		(24,540	)
Total	$	52,296		$	40,108

The Construction in progress asset as of

December

31,

2016

increased in comparison to

December

31,

2015

primarily as a result of increased capital purchases associated with the Company’s Bedford, Massachusetts headquarters and manufacturing facility. This is part of the Company’s on-going project to establish additional manufacturing capabilities at the Bedford, Massachusetts facility to manufacture our HYAFF-based products, which were previously manufactured by a

third

party in Italy. The Construction in progress asset will be depreciated once it goes into production.

Depreciation expense was

$2.7

million,

$2.7

million, and

$2.6

million for the years ended

December

 

31,

2016,

2015,

and

2014,

respectively.