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PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Summarizes Components of Property and Equipment, Net

Property and equipment are recorded at historical cost, net of accumulated depreciation. The following table summarizes components of property and equipment, net, for each of the periods indicated:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Leasehold improvements

 

$

103,370

 

 

$

55,019

 

Lab and manufacturing equipment

 

 

64,613

 

 

 

49,571

 

Building and improvements

 

 

47,605

 

 

 

39,397

 

Software and computer equipment

 

 

42,506

 

 

 

33,948

 

Furniture and fixtures

 

 

9,242

 

 

 

7,010

 

Land

 

 

5,183

 

 

 

5,183

 

Land improvements

 

 

4,921

 

 

 

3,610

 

Office equipment

 

 

1,189

 

 

 

1,178

 

Construction in progress

 

 

25,159

 

 

 

71,541

 

Property and equipment, gross

 

 

303,788

 

 

 

266,457

 

Less: accumulated depreciation

 

 

(112,632

)

 

 

(76,027

)

Property and equipment, net

 

$

191,156

 

 

$

190,430