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Fixed Assets

9 Months Ended

Sep. 30, 2012

6. FIXED ASSETS

Fixed assets consist of the following:


	September 30, 2012			December 31, 2011
	(In thousands)
Laboratory equipment	$	7,629		$	9,103
Furniture and office equipment		1,588			1,095
Software and computers		4,711			4,445
Leasehold improvements		4,502			6,845
Construction in process		—			3,960
Total		18,430			25,448
Less: accumulated depreciation and amortization		(13,142	)		(20,567	)
	$	5,288		$	4,881

Depreciation expense for the three and nine months ended September 30, 2012 was approximately $246,000 and $824,000, respectively, and $315,000 and $971,000 for the three and nine months ended September 30, 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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