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PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2023
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,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Lab and manufacturing equipment

 

$

108,101

 

 

$

91,806

 

Leasehold improvements

 

 

99,989

 

 

 

97,328

 

Construction in progress

 

 

91,089

 

 

 

23,587

 

Software and computer equipment

 

 

50,179

 

 

 

47,573

 

Building and improvements

 

 

48,063

 

 

 

47,942

 

Furniture and fixtures

 

 

9,339

 

 

 

9,313

 

Land

 

 

5,183

 

 

 

5,183

 

Land improvements

 

 

4,988

 

 

 

4,988

 

Office equipment

 

 

1,193

 

 

 

1,193

 

Property and equipment, gross

 

 

418,124

 

 

 

328,913

 

Less: accumulated depreciation

 

 

(190,970

)

 

 

(148,876

)

Property and equipment, net

 

$

227,154

 

 

$

180,037