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Property and Equipment
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

Property and equipment consisted of the following, as of December 31 (dollars in thousands):

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

 

useful life,

 

 

 

 

 

 

 

 

 

 

in years

 

2017

 

 

2016

 

Buildings and improvements

 

39

 

$

225,183

 

 

$

81,337

 

Land

 

N/A

 

 

127,625

 

 

 

32,068

 

Leasehold improvements

 

term of lease

 

 

29,114

 

 

 

9,909

 

Studio and transmission equipment

 

5-15

 

 

539,788

 

 

 

363,574

 

Computer equipment

 

3-5

 

 

96,487

 

 

 

40,255

 

Furniture and fixtures

 

7

 

 

18,876

 

 

 

11,516

 

Vehicles

 

5

 

 

35,211

 

 

 

17,340

 

Construction in progress

 

N/A

 

 

21,236

 

 

 

7,428

 

 

 

 

 

 

1,093,520

 

 

 

563,427

 

Less: accumulated depreciation

 

 

 

 

(359,382

)

 

 

(287,274

)

Property and equipment, net

 

 

 

$

734,138

 

 

$

276,153

 

 

The increases in property and equipment primarily relate to business acquisitions, net of divestitures, (see Note 3), and routine purchases of equipment, less disposals.

 

As of December 31, 2017, property under capital lease with a cost of $5.8 million and $5.2 million was included in leasehold improvements and studio and transmission equipment, respectively. As of December 31, 2016, property under capital lease with a cost of $4.0 was included in studio and transmission equipment.