Property and Equipment, Net

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

5. Property and Equipment, Net

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

	June 30,			December 31,
	2019			2018
Computer equipment	$	22,451		$	20,624
Software		35,224			34,937
Land		—			89,130
Building and building improvements		—			203,873
Furniture and fixtures		11,203			10,321
Leasehold improvements		11,361			6,144
Total property and equipment, gross	$	80,239		$	365,029
Less: Accumulated depreciation		(62,196	)		(98,472	)
Total property and equipment, net	$	18,043		$	266,557

The following represents our property and equipment, net by location (in thousands):

	June 30,		December 31,
	2019		2018
United States	$	9,066	$	262,844
All other countries		8,977		3,713
Total property and equipment, net	$	18,043	$	266,557

On May 24, 2019, the Company entered into an agreement (the “Sale Agreement”) to sell the Company’s San Francisco headquarters (the “Building”) and related land, including all preexisting leases between the Company and third-party tenants of the Building, to a third-party buyer for net proceeds of approximately $600 million, subject to customary closing conditions and deliveries. On July 1, 2019, as discussed further in Note 16 – “Subsequent Events”, the Sale Agreement closed consistent with these terms.

In connection with entering into the Sale Agreement, the Company determined the following assets and related liabilities (the disposal group) qualified as held for sale and accordingly the disposal group was presented as Assets Held for Sale and Liabilities Related to Assets Held for Sale in the consolidated balance sheet as of June 30, 2019. The Assets Held for Sale and Liabilities Related to Assets Held for Sale consist of the following (in thousands):

	June 30,
	2019
Assets Held for Sale:
Property and equipment, net:
Land	$	89,130
Building and building improvements		162,530
Other lessor related assets		59,242
Total assets held for sale	$	310,902

Liabilities Related to Assets Held for Sale:
Tenant improvement obligations and other lessor related liabilities	$	46,279