Property and Equipment, Net

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

	June 30, 2019			December 31, 2018
Lab equipment	$	16,533		$	14,417
Computer equipment and software		2,342			2,002
Furniture and fixtures		1,946			1,915
Leasehold improvements		17,092			11,751
Construction-in-progress		—			5,854
Total property and equipment		37,913			35,939
Accumulated depreciation and amortization		(10,583	)		(7,237	)
Property and equipment, net	$	27,330		$	28,702

Construction-in-progress reported in the table above as of December 31, 2018 consisted of certain costs incurred and reported by the Company’s landlord at 9800 Medical Center Drive. Upon the adoption of Topic 842 on January 1, 2019, the Company derecognized the cumulative amount of construction costs incurred by the landlord of $5.9 million. Please refer to Note 2 for further information on the Company’s adoption of Topic 842 and Note 6 for further information on the Company’s lease at 9800 Medical Center Drive.