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Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

6.

Property and Equipment, Net

Property and equipment, net as of December 31, 2020 and 2019 consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Laboratory equipment

 

$

27,767

 

 

$

20,773

 

Computer equipment

 

 

3,600

 

 

 

2,450

 

Furniture and office equipment

 

 

2,717

 

 

 

1,568

 

Computer software

 

 

860

 

 

 

505

 

Construction in progress

 

 

7,185

 

 

 

1,852

 

Leasehold improvements

 

 

21,945

 

 

 

14,716

 

Build-to-suit asset cost

 

 

 

 

 

36,607

 

Property and equipment, at cost

 

 

64,074

 

 

 

78,471

 

Less: accumulated depreciation

 

 

(24,382

)

 

 

(18,116

)

Property and equipment, net

 

$

39,692

 

 

$

60,355

 

Depreciation expense was $6.8 million, $6.1 million and $4.3 million for the year ended December 31, 2020, 2019 and 2018, respectively.