Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, NetProperty and equipment consisted of the following at December 31, 2020 and 2019 (in thousands):
  2020 2019
Estimated Useful
Lives in Years
Equipment $ 73,234  $ 49,633 
1-13
Building 7,400  7,400  40
Leasehold improvements 27,688  23,683 
1-17
Furniture and fixtures 7,425  5,858 
1-9
Computer hardware and office equipment 22,843  15,280 
1-10
Computer software 30,718  20,806 
1-10
Land 3,170  3,170  — 
Construction in progress 6,290  7,167  — 
Subtotal 178,768  132,997   
Less: accumulated depreciation (92,895) (68,809)  
Property and equipment, net $ 85,873  $ 64,188   
 
Depreciation expense on property and equipment in each year was as follows (in thousands): 
  For the Years Ended December 31,
  2020 2019 2018
Depreciation expense $ 25,904  $ 20,346  $ 15,804 
 
On the Consolidated Statements of Operations, the Company recorded depreciation expense as follows: $15.3 million, $9.4 million and $8.2 million was recorded in cost of revenue for the years ended December 31, 2020, 2019 and 2018, respectively, $10.4 million, $10.8 million and $7.6 million was recorded in general and administrative expenses for the years ended December 31, 2020, 2019 and 2018, respectively, and $0.2 million, $0.1 million, and $0 was recorded in R&D expense for the years ended December 31, 2020, 2019 and 2018, respectively.