Property and Equipment, net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Note 9. Property and Equipment, net

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


	September 30, 2024		December 31, 2023
Office equipment	$	23,838	$	23,417
Laboratory equipment	232,444		220,677
Computer equipment	154,338		147,570
Land	15,773		10,931
Building and leasehold improvements	585,320		584,755
Operating lease right-of-use assets	17,250		20,553
Construction in progress	59,950		13,544
	1,088,913		1,021,447
Less accumulated depreciation and amortization	(315,811)		(269,934)
Property and equipment, net	$	773,102	$	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. During the nine months ended September 30, 2024, we capitalized $4.9 million of land and recorded approximately $47.2 million of construction in progress relating to the office buildings and parking garages.