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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Components of Inventory

The following table summarizes the components of the Company’s inventory for each of the periods indicated:

 

 

 

As of

December 31,

2017

 

 

As of

December 31,

2016

 

 

 

(in thousands)

 

Raw materials

 

$

53,875

 

 

$

9,531

 

Work in progress

 

 

27,442

 

 

 

3,175

 

Finished goods

 

 

2,288

 

 

 

107

 

Total inventory

 

$

83,605

 

 

$

12,813

 

 

Summary of Estimated Useful Lives of Property and Equipment

The Company generally depreciates the cost of its property and equipment using the straight-line method over the estimated useful lives of the respective assets, which are summarized as follows:

 

Asset Category

 

Useful lives

Lab equipment

 

5 years

Office equipment

 

5 years

Software and computer equipment

 

3 - 5 years

Leasehold improvements

 

Lesser of the useful life or the term of

   the respective lease

Land

 

Not depreciated

Building

 

30 years

Construction in Progress

 

Not depreciated until put into service

 

Summary of Estimated Future Amortization for Intangible Assets

The following table summarizes the estimated future amortization for intangible assets for the next five years:

 

 

 

As of

December 31, 2017

(in thousands)

 

2018

 

 

1,681

 

2019

 

 

1,507

 

2020

 

 

1,465

 

2021

 

 

1,453

 

2022

 

 

1,446

 

Total

 

$

7,552