Property and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

4. Property and Equipment

Property and equipment consist of the following (in thousands):

	December 31,			December 31,
	2016			2015
Computer equipment	$	27,046		$	36,373
Software		31,102			30,950
Land		89,130			89,130
Building		197,689			195,372
Furniture and fixtures		10,494			10,348
Leasehold improvements		8,071			7,748
		363,532			369,921
Less accumulated depreciation		(94,093	)		(96,700	)
Total property and equipment, net	$	269,439		$	273,221

During the fourth quarter of 2015, we completed the exit of one of our data centers in Santa Clara, and initiated the sale of certain computer data center equipment, resulting in the assets meeting held for sale criteria. Accordingly, these assets were written down to their fair value and reclassified from property and equipment to other current assets, with $83.9 million and $80.7 million being reclassified from computer equipment and accumulated depreciation respectively, for a net amount of $3.2 million. The $3.2 million reflects the fair value of the assets less estimated costs to sell. During the first and second quarter of 2016, $0.4 million and $1.2 million of the assets meeting held for sale criteria were sold, respectively. During the second quarter of 2016, we finalized the sale of these assets and decreased the fair value of the assets less estimated costs to sell to $2.9 million, resulting in a loss of $0.3 million, which was recorded in other income (expense), net in our consolidated statement of operations. During the third quarter of 2016, we collected $1.3 million in cash related to the remaining balance of assets meeting the held for sale criteria.