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Balance Sheet Components
 6 Months Ended
Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consists of the following:
June 30, 2022December 31, 2021
(In thousands)
Computer equipment and software$1,289 $1,224 
Laboratory equipment15,475 12,778 
Furniture and fixtures868 1,136 
Leasehold improvements34,146 26,701 
Construction in progress2,096 4,395 
Total property and equipment53,874 46,234 
Less accumulated depreciation and amortization(15,641)(13,174)
Property and equipment, net$38,233 $33,060 
The Company performed an impairment analysis for certain laboratory equipment assets based on the identification of impairment indicators during the three months ended June 30, 2022. The analysis determined that the fair value of the assets, which was determined using a market approach, was lower than the carrying value. As a result of the evaluation, an impairment charge of $2.0 million was recognized for the three months ended June 30, 2022. The assets indicated as impaired were written down to their estimated fair value.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
June 30, 2022December 31, 2021
(In thousands)
Employee compensation$8,128 $9,209 
Accrued nonclinical, clinical and process development costs8,387 4,953 
State income tax payable178 1,318 
Accrued professional services986 550 
Other1,951 2,017 
Total accrued expenses and other current liabilities$19,630 $18,047