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Alkermes PLC's quarterly construction in progress declined from Sep. 2015 ($60.3 Mil) to Dec. 2015 ($51.5 Mil) but then increased from Dec. 2015 ($51.5 Mil) to Mar. 2016 ($54.3 Mil).
Alkermes PLC's annual construction in progress increased from Mar. 2013 ($39.4 Mil) to Dec. 2014 ($39.8 Mil) and increased from Dec. 2014 ($39.8 Mil) to Dec. 2015 ($51.5 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
Alkermes PLC Annual Data
Alkermes PLC Quarterly Data