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FIXED ASSETS
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
FIXED ASSETS FIXED ASSETS
Fixed assets, net, summarized by major category, consist of the following (in thousands):
September 30,December 31,
20262025
Machinery and equipment$163,299 $163,144 
Leasehold improvements78,381 77,450 
Computer equipment and software27,401 26,187 
Office furniture and equipment2,101 2,127 
Construction in progress15,790 9,485 
        Total286,972 278,393 
Less: accumulated depreciation(157,793)(137,703)
        Fixed assets, net$129,179 $140,690 
For the three and nine months ended September 30, 2026, depreciation expense was $6.9 million and $20.9 million, respectively. For the three and nine months ended September 30, 2025, depreciation expense was $6.9 million and $26.7 million, respectively.
The Company recognized $5.5 million of accelerated depreciation expense during the nine months ended September 30, 2025 as a result of decommissioning its 45-liter EXPAREL batch manufacturing suite located at its Science Center Campus in San Diego, California. The Company continues to operate its 200-liter EXPAREL batch manufacturing suite at the same facility.
As of September 30, 2026 and December 31, 2025, total fixed assets, net, includes manufacturing process equipment and leasehold improvements located outside of the U.S. in the amount of $36.1 million and $41.9 million, respectively.
As of September 30, 2026 and December 31, 2025, the Company had asset retirement obligations of $4.2 million and $3.9 million, respectively, included in accrued expenses and other liabilities on its condensed consolidated balance sheets, for costs associated with returning leased spaces to their original condition upon the termination of certain of its lease agreements.