Note 6 - Property and Equipment

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment

The cost and lives at

December 

31,

2018

and

2017,

are as follows (in thousands):

	Approximate			Cost
	Lives (in years)			2018		2017
Land and land improvements				$	22,130	$	20,880
Buildings and building improvements	10	−	40		85,317		79,820
Revenue and service equipment	3	−	15		648,648		597,644
Furniture and equipment	3	−	7		47,482		46,524
Leasehold improvements	lesser of useful life or lease terms				23,027		25,387
Computer software	1	−	7		71,926		65,559
				$	898,530	$	835,814

The Company recognized

$85.9

million,

$86.0

million and

$56.6

million in depreciation expense in

2018,

2017

and

2016,

respectively. The Company recognized

$7.1

million,

$2.0

million and

$5.8

million of losses on the sale of equipment in

2018,

2017

and

2016,

respectively, which is included in depreciation and amortization expense in the consolidated statements of comprehensive income. The Company enters into capital leases for certain revenue equipment with terms ranging from

24

-

100

months. At

December 

31,

2018

and

2017,

property and equipment included capitalized leases with costs of

$39.5

million and

$46.1

million, and accumulated amortization of

$18.1

million and

$19.8

million, respectively. Amortization of capital leases is also included in depreciation expense. The Company recognized

$3.1

million,

$3.8

million and

$7.8

million of computer software amortization expense in

2018,

2017

and

2016,

respectively. Accumulated amortization for computer software was

$60.2

million and

$57.8

million as of

December 

31,

2018

and

2017,

respectively.