Note 8 - Property and Equipment

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

8.

Property and Equipment

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

	December 31,
	2018			2017
Equipment and software	$	39,646		$	37,137
Furniture and fixtures		2,014			1,947
Leasehold improvements		33,801			31,459
Construction in progress		2,720			5,830
Subtotal		78,181			76,373
Less accumulated depreciation		(24,070	)		(20,190	)
Total	$	54,111		$	56,183

Construction-in-progress at

December 31, 2018

and

2017

primarily represents the costs incurred for the development of an injectable, HA-based surgical bone repair product expected to launch in

2019.

In addition, construction-in-progress at

December 31, 2017

also included the costs incurred for the implementation of a new ERP that was placed in service in

January 2018.

Depreciation expense was

$4.9

million,

$3.3

million, and

$2.7

million for the years ended

December 

31,

2018,

2017,

and

2016,

respectively.