Property, Plant and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	December 31,			December 31,
(In thousands)	2020			2019
Land	$	6,560		$	6,560
Building and improvements		178,194			177,087
Furniture, fixtures and equipment		366,051			340,146
Leasehold improvements		52,508			20,737
Construction in progress		102,833			134,683
Subtotal		706,146			679,213
Less: accumulated depreciation		(356,143	)		(317,045	)
Total property, plant and equipment, net	$	350,003		$	362,168

Depreciation expense was $42.4 million, $40.1 million and $38.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. Also, during the years ended December 31, 2020, 2019 and 2018, the Company wrote off furniture, fixtures and equipment that had an approximate carrying value of less than $0.1 million, $0.9 million and $0.5 million, respectively, at the time of disposition.

Amounts included as construction in progress in the consolidated balance sheets primarily include capital expenditures at the Company’s manufacturing facility in Wilmington, Ohio. Approximately $24.2 million of the construction in progress balance at December 31, 2020 relates to certain building and equipment that the Company would place into service upon approval by the FDA of the NDA for LYBALVI. The Company continues to evaluate its manufacturing capacity based on expectations of demand for its products and will continue to record such amounts within construction in progress until such time as the underlying assets are placed into service. The Company continues to periodically evaluate whether facts and circumstances indicate that the carrying value of its long‑lived assets to be held and used may not be recoverable.