PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

6. PROPERTY AND EQUIPMENT:

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


	March 31, 2024			December 31, 2023
Land	$	12,230		$	12,230
Building and improvements		117,505			116,903
Office and lab equipment		150,079			148,465
Furniture, fixtures and computer related assets		18,759			18,970
Construction-in-progress		26,385			22,490
		324,958			319,058
Less: Accumulated depreciation		(149,062	)		(143,908	)
Property and equipment, net	$	175,896		$	175,150

Depreciation expense was $6.6 million and $6.5 million for the three months ended March 31, 2024 and 2023, respectively.