Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, net

v2.4.0.8
Property, Plant, and Equipment, net
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, net
Property, Plant, and Equipment, net

At June 30, 2014 and December 31, 2013, property, plant, and equipment, net consisted of the following (in thousands):
 
June 30,
2014
 
December 31,
2013
Leasehold improvements
$
1,084

 
$
1,272

Furniture and fixtures
1,659

 
1,590

Equipment
16,254

 
15,362

Computer equipment
4,301

 
3,905

Computer software
4,602

 
2,985

Automobiles
224

 
297

Buildings
2,679

 
2,649

Albatross (aircraft)
425

 
385

Other
257

 
12

Total property, plant, and equipment
31,485

 
28,457

Accumulated depreciation
(9,506
)
 
(7,660
)
Property, plant, and equipment, net
$
21,979

 
$
20,797



Depreciation expense for property, plant, and equipment amounted to $1.7 million and $0.7 million for the three months ended June 30, 2014 and 2013, respectively, and $3.3 million and $1.3 million for the six months ended June 30, 2014 and 2013, respectively.
 
Depreciation expense, including software amortization expense, by classification for the three and six months ended June 30, 2014 and 2013 is shown below (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Depreciation expense:
 
 
 
 
 
 
 
Cost of sales
$
911

 
$
382

 
$
1,631

 
$
710

Sales and marketing
114

 

 
237

 

Product development
153

 

 
323

 

General and administrative
520

 
320

 
1,142

 
588

Total depreciation expense
$
1,698

 
$
702

 
$
3,333

 
$
1,298