​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

2025

2024

(In thousands)

Laboratory equipment

$

10,657

$

10,411

Manufacturing equipment

 

2,587

 

3,010

Office furniture and equipment

 

3,932

 

3,965

Leasehold improvements

 

10,338

 

10,285

Construction in progress

 

1,724

 

139

Total property and equipment

 

29,238

 

27,810

Less: accumulated depreciation and amortization

 

(23,904)

 

(23,464)

Property and equipment, net

$

5,334

$

4,346

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Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 27, 2025
2023Feb 26, 2024
2022Feb 28, 2023
2021Feb 28, 2022
2020Mar 29, 2021
2019Mar 26, 2020
2018Mar 7, 2019
2017Mar 7, 2018
2016Mar 14, 2017
2015Feb 23, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.