Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, net

v2.4.1.9
Property, Plant, and Equipment, net
3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, net
Property, Plant, and Equipment, net

At March 31, 2015 and December 31, 2014, property, plant, and equipment, net consisted of the following (in thousands):
 
March 31,
2015
 
December 31,
2014
Leasehold improvements
$
2,023

 
$
1,592

Furniture and fixtures
1,932

 
2,293

Equipment
18,079

 
17,593

Computer equipment
5,400

 
4,115

Computer software
5,862

 
5,950

Automobiles
286

 
307

Buildings
2,649

 
2,649

Albatross (aircraft)
425

 
425

Other
1,040

 
1,501

Total property, plant, and equipment
37,696

 
36,425

Accumulated depreciation
(13,292
)
 
(12,774
)
Property, plant, and equipment, net
$
24,404

 
$
23,651



Depreciation expense for property, plant, and equipment amounted to $2.0 million and $1.6 million for the three months ended March 31, 2015 and 2014 respectively.
 
Depreciation expense, including software amortization expense, by classification for the three months ended March 31, 2015 and 2014 is shown below (in thousands):
 
 
Three Months Ended 
 March 31,
 
 
2015
 
2014
Depreciation expense:
 
 
 
 
Cost of sales
 
$
667

 
$
721

Sales and marketing
 
155

 
123

Product development
 
341

 
170

General and administrative
 
869

 
623

Total depreciation expense
 
$
2,032

 
$
1,637