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PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2018
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,

 

 

2018

 

 

2017

 

 

(in thousands)

 

Land

$

4,158

 

 

$

4,158

 

Building and improvements

 

22,972

 

 

 

14,543

 

Software and computer equipment

 

15,774

 

 

 

8,965

 

Lab equipment

 

17,659

 

 

 

9,860

 

Office equipment

 

3,663

 

 

 

2,211

 

Leasehold improvements

 

20,937

 

 

 

13,633

 

Construction in progress

 

40,010

 

 

 

7,808

 

Property and equipment, gross

 

125,173

 

 

 

61,178

 

Less: accumulated depreciation

 

(28,149

)

 

 

(18,022

)

Property and equipment, net

$

97,024

 

 

$

43,156