Property Assets

12 Months Ended

Dec. 31, 2019

Property Assets



	December 31,
(In thousands)	2019			2018
Furniture and equipment	$	475,431		$	512,056
Building and leasehold improvements	207,620			251,975
Land and land improvements	—			6,737
Transportation equipment	567			3,765
Construction in progress	5,346			3,540
Total property assets	688,964			778,073
Less accumulated depreciation	(522,826		)	(551,750		)
Total property assets, net of accumulated depreciation	$	166,138		$	226,323

We had $3.8 million and $1.9 million of capitalized software costs included in construction in progress at December 31, 2019 and 2018, respectively. For the years ended December 31, 2019, 2018 and 2017, we placed in service internally developed software of approximately $6.0 million, $9.7 million and $32.1 million, respectively.

On December 27, 2019, we completed the sale of our corporate headquarters for proceeds of $43.2 million, and entered into a lease agreement for a reduced portion, approximately 60%, of the total square footage of the building. Assets written-off in connection with this transaction included building assets of $14.0 million, including furniture and equipment, and land of $6.7 million. We recorded a total gain on sale of approximately $21.8 million in the fourth quarter of 2019. The gain was recorded to Other (gains) and charges in our Consolidated Statement of Operations. The lease includes an initial term of 12 years, with two five year renewal option periods at our discretion. In accordance with ASC 842, we recorded operating lease right-of-use assets and operating lease liabilities of $19.0 million for this lease in our condensed consolidated balance sheet.