PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT:

Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the related estimated useful lives. Property and equipment consists of the following:

	As of December 31,				Estimated
	2021		2020		Useful Lives
	(In thousands)
Land and improvements	$	4,128	$	2,372	—
Buildings		3,241		2,654	31 years
Transmitters and towers		43,466		39,277	7‑15 years
Equipment		63,192		59,537	3‑7 years
Furniture and fixtures		9,397		9,019	6 years
Software and web development		31,337		29,741	3 years
Leasehold improvements		24,727		24,449	Lease Term
Construction-in-progress		476		372	—
		179,964		167,421
Less: Accumulated depreciation and amortization		(153,673)		(148,229)
Property and equipment, net	$	26,291	$	19,192

Depreciation and amortization expense for the years ended December 31, 2021, and 2020 was approximately $9.3 million and $9.7 million, respectively. Repairs and maintenance costs are expensed as incurred. Property and equipment assets identified as assets held for sale are excluded from the table above.