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Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property and Equipment  
Property and Equipment

10. Property and Equipment

Property and equipment are held predominantly in the US and consist of the following:

 

 

 

 

 

 

 

 

 

December 31, 

(In thousands)

    

2018

    

2017

Computer equipment

 

$

2,522

 

$

1,866

Software

 

 

3,577

 

 

3,432

Furniture and fixtures

 

 

3,759

 

 

3,759

Laboratory equipment

 

 

31,164

 

 

28,371

Leasehold improvements

 

 

21,849

 

 

19,444

Subtotal

 

 

62,871

 

 

56,872

Less: accumulated depreciation

 

 

(49,695)

 

 

(46,715)

Property and equipment, net

 

$

13,176

 

$

10,157

For the years ended December 31, 2018, 2017 and 2016, depreciation expense for property and equipment was $3.0 million, $2.5 million and $2.2 million, respectively.