Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]



	(in thousands)
	June 30, 2015			December 31, 2014
Land, buildings and improvements	$	11,566		$	4,209
Furniture, fixtures, and equipment	5,527			5,307
Leasehold improvements	85			85

Total property and equipment	17,178			9,601
Less: accumulated depreciation and amortization	(5,458		)	(5,000		)

Property and equipment, net	$	11,720		$	4,601

Property and equipment are recorded at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the respective assets, ranging from five to thirty-nine years.

As of February 28, 2015, the Company had completed and put into service the construction and installation of property and equipment within its New Brunswick, NJ facility. All amounts within construction in progress were reclassed to property and equipment during the current period. As of December 31, 2014, construction in progress was $7,337,000.