v3.24.2
FIXED ASSETS (Tables)
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Fixed Assets Summarized by Major Category
Fixed assets, net, summarized by major category, consist of the following (in thousands):
June 30,December 31,
20242023
Machinery and equipment (1)
$106,877 $121,773 
Leasehold improvements58,835 61,826 
Computer equipment and software16,490 17,186 
Office furniture and equipment2,446 2,543 
Construction in progress (2)
107,997 105,905 
        Total292,645 309,233 
Less: accumulated depreciation (1)
(123,795)(135,306)
        Fixed assets, net$168,850 $173,927 
(1) During the six months ended June 30, 2024, the Company disposed of $19.0 million of fully depreciated machinery and equipment associated with its 45-liter EXPAREL manufacturing process at its contract manufacturing facility located in Swindon, England. The Company continues to operate its 200-liter EXPAREL manufacturing process at the same facility.
(2) In July 2024, a new 200-liter EXPAREL manufacturing suite at the Company’s Science Center Campus in San Diego, California was placed into service, for which approximately $76.1 million will be reclassified from construction in progress to machinery and equipment and, to a lesser extent, leasehold improvements in the third quarter of 2024.