v3.26.3
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT:

Property and equipment, net consist of the following (in thousands):

 

 

 

September 30, 2026

 

 

December 31, 2025

 

Land

 

$

12,230

 

 

$

12,230

 

Building and improvements

 

 

174,817

 

 

 

166,250

 

Office and lab equipment

 

 

193,566

 

 

 

180,473

 

Furniture, fixtures and computer related assets

 

 

17,216

 

 

 

16,875

 

Construction-in-progress

 

 

21,501

 

 

 

28,445

 

 

 

 

419,330

 

 

 

404,273

 

Less: Accumulated depreciation

 

 

(212,381

)

 

 

(189,326

)

Property and equipment, net

 

$

206,949

 

 

$

214,947

 

Depreciation expense was $7.9 million and $7.5 million for the three months ended September 30, 2026 and 2025, respectively, and $23.2 million and $20.9 million for the nine months ended September 30, 2026 and 2025, respectively.