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PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Leasehold improvements

 

$

53,950

 

 

$

20,937

 

Software and computer equipment

 

 

30,683

 

 

 

15,774

 

Lab equipment

 

 

30,053

 

 

 

17,659

 

Building and improvements

 

 

23,108

 

 

 

22,972

 

Furniture and fixtures

 

 

7,090

 

 

 

3,227

 

Land

 

 

5,183

 

 

 

4,158

 

Land improvements

 

 

3,403

 

 

 

 

Office equipment

 

 

1,157

 

 

 

436

 

Construction in progress

 

 

25,988

 

 

 

40,010

 

Property and equipment, gross

 

 

180,615

 

 

 

125,173

 

Less: accumulated depreciation

 

 

(50,995

)

 

 

(28,149

)

Property and equipment, net

 

$

129,620

 

 

$

97,024