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Property and Equipment
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment

Property and equipment consisted of the following at December 31, 2019 and 2018:

 

 

 

December 31,

 

(in thousands)

 

2019

 

 

2018

 

Land and land improvements

 

$

 

79,720

 

 

$

 

70,960

 

Buildings and leasehold improvements

 

 

 

339,503

 

 

 

 

311,409

 

Furniture, fixtures and equipment

 

 

 

115,051

 

 

 

 

92,805

 

Software

 

 

 

75,448

 

 

 

 

72,721

 

Assets under development

 

 

 

20,014

 

 

 

 

31,742

 

 

 

 

 

629,736

 

 

 

 

579,637

 

Accumulated depreciation and amortization

 

 

 

(249,527

)

 

 

 

(225,969

)

Property and equipment, net

 

$

 

380,209

 

 

$

 

353,668

 

 

Assets under development is comprised primarily of software design and implementation costs.

Depreciation and amortization expense was $30.9 million, $26.5 million and $28.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Property and Equipment Held for Sale

 

Certain of the Company’s property and equipment meet the criteria to be classified as assets held for sale. The carrying values of such assets were $0.3 million and $27.0 million at December 31, 2019 and 2018, respectively, and were reported within Other Assets in the consolidated balance sheets. For more information on the Company’s policy for accounting for assets held for sale, refer to Note 1 – Summary of Significant Accounting Policies and Recent Accounting Pronouncements.