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Property and Equipment, Net
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of the following:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Furniture and equipment

 

$

20,300

 

 

$

13,626

 

Software

 

 

435

 

 

 

108

 

Leasehold improvements

 

 

27,342

 

 

 

16,029

 

Fixed assets in progress

 

 

1,354

 

 

 

1,988

 

Total

 

 

49,431

 

 

 

31,751

 

Less accumulated depreciation

 

 

(9,500

)

 

 

(4,417

)

Property and equipment, net

 

$

39,931

 

 

$

27,334

 

 

Depreciation expense was $5.6 million, $2.2 million and $0.8 million for the years ended December 31, 2018, 2017 and 2016, respectively.