Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment:
Property and equipment, net, consists of the following at December 31, 2015 and 2014:
 
Estimated
Useful Life
 
 
 
 
 
(Years)
 
2015
 
2014
Land
n/a
 
$
896

 
$
1,069

Buildings
27
 
1,791

 
2,184

Leasehold improvements
3-10
 
5,271

 
4,384

Machinery and equipment
2-10
 
133,013

 
116,371

Furniture and fixtures
3-8
 
1,470

 
1,127

Construction in process
 
 
11,025

 
3,757

Property and equipment, gross
 
 
153,466

 
128,892

Less: Accumulated depreciation
 
 
43,074

 
14,361

Property and equipment, net
 
 
$
110,392

 
$
114,531


Machinery and equipment includes capitalized software of $16,943 and $11,653 as of December 31, 2015 and 2014, respectively. Capitalized interest of $77 and $140 was recorded for the years ended December 31, 2015 and 2014, respectively.
The Successor's depreciation expense for depreciable assets for the year ended December 31, 2015 and period from June 30, 2014 through December 31, 2014 was $29,027 and $17,277, respectively. The Predecessor's depreciation expense for depreciable assets for the six months period ended June 29, 2014 and year ended December 31, 2013 was $14,149 and $24,796, respectively.