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Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

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

 

 

 

Estimated Useful

 

 

 

 

 

 

 

 

 

 

 

Life (Years)

 

 

September 30, 2021

 

 

December 31, 2020

 

Land

 

 

 

 

$

875

 

 

$

875

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

Building improvements

 

5-40

 

 

 

38,651

 

 

 

37,543

 

Machinery and equipment

 

3-15

 

 

 

54,978

 

 

 

55,054

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

3,004

 

 

 

3,004

 

Computer equipment and software

 

 

3

 

 

 

8,361

 

 

 

8,319

 

Construction in progress

 

 

 

 

 

5,262

 

(1)

 

503

 

 

 

 

 

 

 

 

128,520

 

 

 

122,687

 

Less accumulated depreciation

 

 

 

 

 

 

(97,672

)

 

 

(96,820

)

Total property and equipment, net

 

 

 

 

 

$

30,848

 

 

$

25,867

 

____________________

(1)

Construction in progress includes $1.6 million of equipment under construction for the manufacturing expansion for UT (the “UT Equipment”). See Note 7 – Collaboration, Licensing and Other Arrangements.

Depreciation Expense Related to Property and Equipment

Depreciation expense related to property and equipment for the three and nine months ended September 30, 2021 and 2020 was as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Depreciation Expense

 

$

508

 

 

$

445

 

 

$

1,449

 

 

$

1,346