Fixed assets are summarized by major classifications as follows (in thousands):

 
 
2016
 
2015
Equipment
 
$
9,094

 
$
8,442

Furniture and fixtures
 
1,068

 
1,083

Leasehold improvements
 
932

 
932

 
 
11,094

 
10,457

Less accumulated depreciation
 
(6,356
)
 
(4,388
)
Net fixed assets
 
$
4,738

 
$
6,069