Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
3 Months Ended
Mar. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

5.

Property and Equipment

Property and equipment consisted of the following as of each period end:

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Leasehold improvements

 

$

48,888

 

 

$

47,609

 

Build-to-suit asset (see Note 7)

 

 

 

 

 

10,686

 

Construction in progress

 

 

4,259

 

 

 

4,682

 

Computer equipment and software

 

 

3,211

 

 

 

3,049

 

Lab equipment

 

 

3,345

 

 

 

3,019

 

Machinery and equipment

 

 

3,131

 

 

 

2,980

 

Furniture and fixtures

 

 

1,842

 

 

 

1,628

 

Property and equipment, gross

 

 

64,676

 

 

 

73,653

 

Less accumulated depreciation and amortization

 

 

(6,557

)

 

 

(5,077

)

Property and equipment, net

 

$

58,119

 

 

$

68,576

 

 

Construction in progress represents capitalized costs for our manufacturing facility in Thousand Oaks, California and capitalizable costs incurred for development of internal use software. Depreciation and amortization expense was $1.6 million and $0.3 million for the three months ended March 31, 2019 and 2018, respectively.