Other Financial Information

12 Months Ended

Dec. 31, 2017

Other Financial Information [Abstract]

Other Financial Information

Note 8 – Other Financial Information

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following at December 31 (in thousands):

	2017		2016
Laboratory supplies	$	13,085	$	15,736
Other prepaid expenses and other current assets		4,689		6,301
Prepaid expenses and other current assets	$	17,774	$	22,037

Property and Equipment, net

Property and equipment is comprised of the following at December 31 (in thousands):

	2017		2016
Machinery and equipment	$	35,409	$	32,596
Leasehold improvements		23,664		22,642
Computer hardware		5,091		4,285
Construction in progress		1,129		2,938
		65,293		62,461
Less — accumulated depreciation		(29,306)		(22,277)
Property and equipment, net	$	35,987	$	40,184

Depreciation expense was approximately $7.6 million, $7.7 million and $5.1 million for the years ended December 31, 2017, 2016 and 2015, respectively.

 

Accrued Expenses

Accrued expenses consist of the following at December 31 (in thousands):

	2017		2016
Employee benefits and compensation	$	11,186	$	7,300
Research and development accruals		17,542		15,744
Other accrued expenses		882		1,464
Accrued expenses	$	29,610	$	24,508