Property and Equipment, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Note 9. Property and Equipment, net

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


	June 30, 2024		December 31, 2023
Office equipment	$	23,506	$	23,417
Laboratory equipment	221,918		220,677
Computer equipment	151,602		147,570
Land	15,432		10,931
Building and leasehold improvements	573,160		584,755
Operating lease right-of-use assets	18,120		20,553
Construction in progress	55,795		13,544
	1,059,533		1,021,447
Less accumulated depreciation and amortization	(297,524)		(269,934)
Property and equipment, net	$	762,009	$	751,513

In May 2024, we purchased additional property in Wilmington, Delaware including land, office buildings and parking garages for a purchase price of $48.7 million. As of June 30, 2024 we capitalized $4.9 million of land and recorded approximately $43.8 million of construction in progress relating to the office buildings and parking garages.