Property and Equipment

12 Months Ended

Dec. 31, 2019

Property and Equipment

Property and Equipment

Note 5. Property and Equipment

Property and equipment at December 31, 2019 and 2018 consists of the following (amounts in thousands):

	2019		2018
Land and improvements	$	8,724	$	8,724
Building		11,530		11,258
Equipment		38,318		25,921
Towers		1,536		1,536
		60,108		47,439
Less: accumulated depreciation		(28,241)		(25,069)
		31,867		22,370
Equipment installations in progress		2,452		9,839
Total  property and equipment, net	$	34,319	$	32,209

Depreciation expense was $3.3 million and $2.8 million for the years ended December 31, 2019  and 2018, respectively.

For the years ended December 31, 2019 and 2018, we purchased assets to replace equipment damaged by Hurricane Maria of $0.3 million and $4.7 million, respectively, for which we received insurance proceeds of $1.7 million and $2.1 million, respectively.

For the years ended December 31, 2019 and 2018, we purchased equipment required as a result of the FCC mandated spectrum repack of $0.7 million and $3.2 million, respectively, for which we received proceeds of $1.7 million and $1.5 million, respectively. We expect to receive reimbursement from the FCC for nearly all of these purchases.