Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following as of the respective periods:



(in thousands)	September 30, 2014			December 31, 2013
Land and land interests	$	30,707		$	23,646
Buildings and leasehold improvements	139,083			139,889
Equipment and other	322,719			294,409
Gross property and equipment	492,509			457,944
Less: accumulated depreciation	(293,926		)	(267,614		)
Property and equipment, net	$	198,583		$	190,330

Depreciation expense for the three months ended September 30, 2014 and 2013 was $7.7 million and $7.0 million, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was $21.1 million and $20.4 million, respectively.

For the nine months ended September 30, 2014, Viad recorded impairment charges of $0.9 million at the Marketing & Events Group related to the write-off of certain internally developed software.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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