XML 26 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

9. Property and Equipment, Net

Property and equipment consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Leasehold improvements

 

$

53,788

 

 

$

37,607

 

Buildings

 

 

4,943

 

 

 

4,943

 

Furniture, computers and equipment

 

 

60,210

 

 

 

57,147

 

 

 

118,941

 

 

 

99,697

 

Accumulated depreciation

 

 

(67,717

)

 

 

(62,798

)

Construction in progress

 

 

60,601

 

 

 

65,564

 

 

$

111,825

 

 

$

102,463

 

 

Depreciation expense was $2,228 and $1,528 for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense was $4,922 and $2,875 for the six months ended June 30, 2023 and 2022, respectively. Construction in progress primarily represents unfinished construction work on a purchased building located on the Company’s Canton, Massachusetts campus and improvements at the Company’s leased facilities in Canton and Norwood, Massachusetts.