Property and Equipment, Net

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

4. Property and Equipment, Net

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

	December 31,			December 31,
	2017			2016
Computer equipment	$	21,583		$	27,046
Software		32,509			31,102
Land		89,130			89,130
Building and building improvements		199,070			197,689
Furniture and fixtures		10,376			10,494
Leasehold improvements		7,965			8,071
Total property and equipment, gross	$	360,633		$	363,532
Less accumulated depreciation		(94,044	)		(94,093	)
Total property and equipment, net	$	266,589		$	269,439

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 quarters 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.