Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.8.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Note C – Property and Equipment, Net

Property and equipment consisted of the following at December 31, 2017 and 2016 (in thousands):

 

 

 

2017

 

 

2016

 

 

Estimated Useful

Lives in Years

 

Equipment

 

$

33,711

 

 

$

29,220

 

 

3-7

 

Leasehold improvements

 

 

14,517

 

 

 

10,550

 

 

2-5

 

Furniture and fixtures

 

 

4,486

 

 

 

4,315

 

 

 

7

 

Computer hardware and office equipment

 

 

10,038

 

 

 

8,268

 

 

 

3

 

Computer software

 

 

10,331

 

 

 

5,346

 

 

3-5

 

Assets not yet placed in service

 

 

3,951

 

 

 

3,439

 

 

 

 

Subtotal

 

 

77,034

 

 

 

61,138

 

 

 

 

 

Less: accumulated depreciation and amortization

 

 

(40,530

)

 

 

(27,102

)

 

 

 

 

Property and equipment, net

 

$

36,504

 

 

$

34,036

 

 

 

 

 

 

Depreciation and amortization expense on property and equipment, including leased assets in each period was as follows (in thousands): 

 

 

For the years ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Depreciation and amortization expense

 

$

15,596

 

 

$

15,937

 

 

$

6,730

 

 

In our consolidated statements of operations, we recorded depreciation and amortization expense as follows: approximately $9.3 million, $11.8 million and $4.2 million was recorded in cost of revenue for the years ended December 31, 2017, 2016 and 2015, respectively, approximately $6.2 million, $4.2 million  and $2.5 million was recorded in general and administrative expenses for the years ended December 31, 2017, 2016 and 2015, respectively and approximately $96,000, $0 and $0 was recorded in research and development expense for the years ended December 31, 2017, 2016 and 2015, respectively.

Property and equipment under capital leases, included above, consists of the following at December 31, 2017 and 2016 (in thousands):

 

 

 

2017

 

 

2016

 

Equipment

 

$

10,619

 

 

$

13,109

 

Furniture and fixtures

 

 

1,012

 

 

 

1,081

 

Computer hardware

 

 

4,310

 

 

 

5,178

 

Computer software

 

 

607

 

 

 

514

 

Leasehold improvements

 

 

1,485

 

 

 

69

 

Subtotal

 

 

18,033

 

 

 

19,951

 

Less: accumulated depreciation and amortization

 

 

(7,560

)

 

 

(9,481

)

Property and equipment under capital leases, net

 

$

10,473

 

 

$

10,470