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Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property and Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment



Property and equipment consisted of the following as of December 31, 2017 and 2016:





 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(in thousands)

 

2017

 

2016

Land and land improvements

 

$

 71,061 

 

$

 79,412 

Buildings and leasehold improvements

 

 

 305,277 

 

 

 335,566 

Furniture, fixtures and equipment

 

 

 92,360 

 

 

 96,565 

Software

 

 

 70,003 

 

 

 70,370 

Assets under development

 

 

 9,960 

 

 

 10,826 



 

 

 548,661 

 

 

 592,739 

Accumulated depreciation and amortization

 

 

 (214,998)

 

 

 (231,127)

Property and equipment, net

 

$

 333,663 

 

$

 361,612 



Depreciation and amortization expense was $28.1 million, $28.4 million and $28.8 million for the years ended December 31, 2017, 2016 and 2015, respectively.

 

Property and Equipment Held for Sale



During the fourth quarter of 2017, the Company determined that certain property and equipment met the criteria to be classified as assets held for sale. The Company expects these assets to be sold within the next twelve months. The carrying value of $27.2 million has been recorded within Other Assets in the Consolidated Balance Sheet as of December 31, 2017. For more information on the Company's policy on assets held for sale, refer to Note 1 – Summary of Significant Account Policies and Recent Accounting Pronouncements.