Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.6.0.2
Property and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT
Property and equipment consist of (in thousands): 
 
December 31,
 
2016
 
2015
Land
$
2,856

 
$
2,918

Buildings
5,219

 
5,662

Leasehold improvements
2,386

 
2,345

Office furniture and equipment
18,398

 
15,602

Computer software and hardware
9,100

 
8,752

Demonstration and loaned equipment
11,393

 
11,216

 
49,352

 
46,495

Accumulated depreciation
(32,019
)
 
(29,528
)
Total
$
17,333

 
$
16,967


Depreciation expense of property and equipment was $3.7 million, $4.2 million, and $4.3 million in the years ending December 31, 2016, 2015 and 2014, respectively.
In the third quarter of 2014 the Company's manufacturing facility in Mundelein, Illinois was listed for sale. This asset was measured at fair value less cost to sell as of September 30, 2014 based on market price and Level 2 inputs and resulted in a $2.2 million impairment. The Company continues to actively market this facility. The impairment was recorded in restructuring expenses and the asset was reclassified from property and equipment, net to other current assets.