Property and Equipment, net (Tables)

3 Months Ended

Mar. 31, 2021

Property and Equipment, net

Schedule of property and equipment, net

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

	March 31,		December 31,
	2021		2020
Office equipment	$	18,087	$	17,880
Laboratory equipment		89,714		86,021
Computer equipment		67,625		66,640
Land		10,328		10,671
Building and leasehold improvements		244,872		238,042
Operating lease right-of-use assets		25,099		26,816
Construction in progress		290,350		257,929
		746,075		703,999
Less accumulated depreciation and amortization		(151,405)		(144,374)
Property and equipment, net	$	594,670	$	559,625

Summary of lease liability

We are the lessee of several contracts, including those to secure fleet vehicles, buildings and equipment. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. Some of our building leases include options to renew and the exercise of these options is at our discretion. Our current operating lease liabilities are reflected in accrued and other current liabilities and our noncurrent operating lease liabilities are reflected in other liabilities on the condensed consolidated balance sheets and are as follows (in thousands):

	March 31,		December 31,
	2021		2020
Current
Operating lease liabilities	$	11,659	$	12,674
Finance lease liabilities		2,317		2,284
Noncurrent
Operating lease liabilities		13,193		14,188
Finance lease liabilities		32,154		32,573
Total lease liabilities	$	59,323	$	61,719