XML 63 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Estimated Useful Life of Assets Based on Depreciation and Amortization Expense Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset, as follows:

 

 

 

Estimated Useful Life

Building

 

26 years

Furniture and fixtures

 

5 - 7 years

Lab equipment

 

5 years

Computer equipment

 

3 years

Software

 

3 years

Leasehold improvements

 

shorter of the estimated useful life or the lease term

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Building(1)

 

$

 

 

$

12,513

 

Leasehold improvements(2)

 

 

70,113

 

 

 

71,468

 

Laboratory and production equipment

 

 

14,433

 

 

 

11,395

 

Machinery, equipment and fixtures

 

 

7,780

 

 

 

7,974

 

Construction in progress

 

 

3,660

 

 

 

2,054

 

Property and equipment

 

 

95,986

 

 

 

105,404

 

Less: Accumulated depreciation and amortization(3)

 

 

(20,331

)

 

 

(14,779

)

Property and equipment, net

 

$

75,655

 

 

$

90,625

 

 

(1)
Includes $12,513 at December 31, 2021 under financing lease resulting from a failed sale leaseback (see Note 11).
(2)
Includes $70,959 at December 31, 2021 under financing lease resulting from a failed sale leaseback (see Note 11).
(3)
Includes $5,971 at December 31, 2021 under financing lease resulting from a failed sale leaseback (see Note 11).