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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and Equipment, Net
Property and equipment, net, was comprised of the following at June 30, 2016 and December 31, 2015:
In thousands
2016
 
2015
Leasehold improvements
$
23,581

 
$
23,609

Construction in progress
292,683

 
246,669

Equipment and furniture
29,158

 
26,388

 
345,422

 
296,666

Less accumulated depreciation and amortization
(44,460
)
 
(42,584
)
Property and Equipment, Net
$
300,962

 
$
254,082


As of June 30, 2016 and December 31, 2015, the Company has recorded construction in progress of $292.7 million and $246.7 million, and a related facility lease obligation of $275.8 million and $231.7 million, respectively, related to a lease for a new facility under construction in Cambridge, Massachusetts. See Notes 9 and 10.
Depreciation and amortization expense was $1.2 million and $0.8 million for the three-month periods ended June 30, 2016 and 2015, respectively, and $2.4 million and $1.7 million for the six-month periods ended June 30, 2016 and 2015, respectively.