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Balance Sheet Accounts | 9 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Accounts | BALANCE SHEET ACCOUNTS Property, Plant and Equipment The following table summarizes the Company’s major classes of property, plant and equipment:
| June 30, 2024 |  | September 30, 2023
| (in thousands)
Land | $ | 2,996 |  |  | $ | 2,996 |
Building | 75,868 |  |  | — |
Research equipment | 64,207 |  |  | 56,509 |
Furniture | 5,593 |  |  | 1,540 |
Computers and software | 976 |  |  | 700 |
Leasehold improvements | 104,396 |  |  | 103,813 |
Construction in progress | 175,778 |  |  | 166,655 |
| 429,814 |  |  | 332,213 |
Less: Accumulated depreciation and amortization | (53,903) |  |  | (41,951) |
Property, plant and equipment, net | $ | 375,911 |  |  | $ | 290,262 |
Depreciation and amortization expense for property, plant and equipment for the three months ended June 30, 2024 and 2023 was $4.4 million and $2.9 million, respectively. Depreciation and amortization expense for property and equipment for the nine months ended June 30, 2024 and 2023 was $12.3 million and $7.4 million, respectively. During the first quarter of fiscal 2024, the Company completed the build out of one of its laboratory and office facilities in Verona, Wisconsin, which resulted in the reclassification of $75.9 million from construction in progress to building as of June 30, 2024. Further, the Company commenced depreciation on the newly completed facility over a 39-year period. Accrued Expenses Accrued expenses consist of the following:
| June 30, 2024 |  | September 30, 2023
| (in thousands)
Accrued R&D expenses | $ | 17,911 |  |  | $ | 16,125 |
Accrued R&D expenses; co-development | 21,280 |  |  | 5,895 |
Accrued capital expenditures | 6,909 |  |  | 14,044 |
Other | 1,799 |  |  | 3,699 |
Total accrued expenses | $ | 47,899 |  |  | $ | 39,763 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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