Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Depreciation expense on property and equipment is determined on a straight-line basis. The estimated useful lives for depreciation are as follows:

Property Type	Depreciation Period in Years
Buildings and improvements	10 to 39 years
Broadcasting equipment	3 to 20 years
Rides and related equipment	10 to 20 years
Computer and office equipment	3 to 5 years
Furniture and fixtures	5 to 10 years
Transportation equipment	5 to 10 years
Software development costs	1 to 2 years
Leasehold improvements	Shorter of their useful life or remaining term

Property and equipment consisted of the following:

(in thousands)	December 31, 2016			December 31, 2017
Land and improvements	$	20,223		$	20,870
Buildings and leasehold improvements	36,556			41,890
Broadcast equipment	71,159			74,851
Rides and related equipment	45,159			50,558
Computer and office equipment	11,827			13,331
Furniture and fixtures	10,886			13,936
Transportation equipment	14,249			17,504
Software development costs	10,641			15,943
Total property and equipment, gross	220,700			248,883
Less: Accumulated depreciation and amortization	(81,292		)	(101,891		)
Total property and equipment, net	$	139,408		$	146,992

Summary of Transaction

The following was recognized in the Company’s Consolidated Balance Sheets during 2015 in connection with the transaction with Vertical Bridge:

(in thousands)	Fair Value		Balance Sheet Location
Long-term prepaid rent asset	$	7,311	Other long term assets
Deferred gain on the sale of towers	$	7,311	Other long term liabilities
Exclusive marketing arrangement	$	3,111	Other long term liabilities