PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

6. PROPERTY AND EQUIPMENT:

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


	June 30, 2024			December 31, 2023
Land	$	12,230		$	12,230
Building and improvements		117,282			116,903
Office and lab equipment		150,031			148,465
Furniture, fixtures and computer related assets		18,375			18,970
Construction-in-progress		41,079			22,490
		338,997			319,058
Less: Accumulated depreciation		(153,523	)		(143,908	)
Property and equipment, net	$	185,474		$	175,150

Depreciation expense was $6.5 million and $6.7 million for the three months ended June 30, 2024 and 2023, respectively, and $13.1 million and $13.2 million for the six months ended June 30, 2024 and 2023, respectively.