PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2013

G. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following at:

	September 30, 2013			December 31, 2012
	(in thousands)
Land and buildings	$	171,299		$	166,659
Laboratory equipment	43,042			35,961
Furniture and fixtures	3,908			3,351
Computer hardware and software	23,490			20,903
Construction-in-progress	2,358			3,120
	244,097			229,994
Less: accumulated depreciation	(73,975		)	(63,529		)
Property and equipment, net	$	170,122		$	166,465

Depreciation expense was $3.5 million and $3.1 million for the three months ended September 30, 2013 and 2012, respectively, and $10.4 million and $9.2 million for the nine months ended September 30, 2013 and 2012, 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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