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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2016
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,

 

 

2016

 

 

2015

 

 

(in thousands)

 

Land

$

4,158

 

 

$

4,158

 

Building and improvements

 

12,729

 

 

 

12,718

 

Software and computer equipment

 

6,775

 

 

 

6,149

 

Lab equipment

 

14,149

 

 

 

12,873

 

Office equipment

 

3,028

 

 

 

2,762

 

Leasehold improvements

 

22,872

 

 

 

21,723

 

Construction in progress

 

4,436

 

 

 

1,555

 

Property and equipment, gross

 

68,147

 

 

 

61,938

 

Less: accumulated depreciation

 

(30,346

)

 

 

(24,594

)

Property and equipment, net

$

37,801

 

 

$

37,344