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FIXED ASSETS

9 Months Ended

Sep. 30, 2012

FIXED ASSETS

Note 5—FIXED ASSETS

Fixed assets, summarized by major category, consist of the following (in thousands):

		September 30,			December 31,
		2012			2011
Machinery and laboratory equipment		$	12,535		$	12,188
Computer equipment and software		1,513			1,133
Office furniture and equipment		431			352
Leasehold improvements		6,217			6,056
Construction in progress		25,669			13,656
Total		46,365			33,385
Less accumulated depreciation		(11,046		)	(8,282		)
Fixed assets, net		$	35,319		$	25,103

Depreciation expense was $0.9 million and $0.5 million for the three months ended September 30, 2012 and 2011, respectively. Depreciation expense was $2.7 million and $1.3 million for the nine months ended September 30, 2012 and 2011, respectively. For the three and nine months ended September 30, 2012, the Company capitalized interest of $0.5 million and $1.4 million, respectively, on the construction of its manufacturing sites. Capitalized interest was $0.2 million and $0.5 million for the three and nine months ended September 30, 2011, respectively.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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