Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Reclassifications

The accompanying financial statements include reclassification from prior presentation as summarized below:

	12/31/2018 As Reported		Reclassification		12/31/2018 As Adjusted
	(In thousands)
Balance Sheet
Current assets
Cash and cash equivalents	$	81,368	$	(7,378)	$	73,990
Restricted cash and cash equivalents	—		7,378		7,378
Total current assets	119,097		—		119,097
Total assets	$	156,039	$	—	$	156,039

Schedule of Property, Plant, and Equipment

The estimated useful lives of property and equipment are principally as follows:

Asset	Useful Life
Buildings	39 years
Leasehold Improvements	Shorter of the estimated useful life or lease term
Aircraft	20 years
Machinery & equipment	5 to 7 years
IT software and equipment	3 to 5 years

As of March 31, 2020, December 31, 2019 and 2018, property, plant, and equipment, net consists of the following :

	As of March 31,		As of December 31,
	2020		2019		2018
	(Unaudited)
	(In thousands)
Buildings	$	9,142	$	9,142	$	9,142
Leasehold improvements	23,762		20,048		16,570
Aircraft	320		320		320
Machinery and equipment	34,000		33,608		22,114
IT software and equipment	17,282		17,151		13,602
Construction in progress	4,564		3,674		620
	89,070		83,943		62,368
Less accumulated depreciation and amortization	(36,688)		(34,610)		(28,154)
Property, plant, and equipment, net	$	52,382	$	49,333	$	34,214

Schedule of Fair Value of Assets Measured on Recurring Basis

The following tables summarize the fair value of assets that are recorded in the Company’s Consolidated Balance Sheets as of March 31, 2020, December 31, 2019 and December 31, 2018 at fair value on a recurring basis:

Fair Value Measurements as of March 31, 2020
	Level 1		Level 2		Level 3
	(Unaudited and in thousands)
Assets
Money Market	$	112,922	$	—	$	—
Certificate of deposit	43,773		—		—
Cash Equivalents	249,825		$	—	$	—
Total assets at fair value	$	406,520	$	—	$	—
Fair Value Measurements as of December 31, 2019
	Level 1		Level 2		Level 3
	(In thousands)
Assets
Money Market	$	423,149	$	—	$	—
Certificate of deposit	42,630		—		—
Total assets at fair value	$	465,779	$	—	$	—
Fair Value of Measurements as of December 31, 2018
	Level 1		Level 2		Level 3
	(In thousands)
Assets
Money Market	$	22,908	$	—	$	—
Certificate of deposit	24,277		—		—
Total asset at fair value	$	47,185	$	—	$	—