PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2023

6. PROPERTY AND EQUIPMENT:

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


	March 31, 2023			December 31, 2022
Land	$	2,642		$	2,642
Building and improvements		102,247			99,586
Office and lab equipment		133,729			129,697
Furniture, fixtures and computer related assets		18,323			18,071
Construction-in-progress		11,728			10,567
		268,669			260,563
Less: Accumulated depreciation		(123,388	)		(117,118	)
Property and equipment, net	$	145,281		$	143,445

Depreciation expense was $6.5 million and $5.6 million for the three months ended March 31, 2023 and 2022, respectively.