Property and Equipment

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment are summarized as follows (in thousands):

	Estimated Useful Life	March 31,			December 31,
		2020			2019
Land	—	$	23,837		$	21,511
Buildings	30 years	167,690			167,852
Machinery and equipment	3 to 7 years	306,142			307,530
Office equipment and other	3 to 10 years	127,949			129,127
		625,618			626,020
Less accumulated depreciation		(374,197		)	(370,115		)
		$	251,421		$	255,905

Note 10.        Property and Equipment - (Continued)

Depreciation expense for the three months ended March 31, 2020 and 2019 was $11.8 million and $10.4 million, respectively.

During the three months ended March 31, 2020, the Company disposed of fixed assets with a net book value of $3.0 million and recognized a corresponding loss on disposal of $3.0 million which was included in "Selling, general and administrative" on the Consolidated Statements of Income.