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Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment, Net
Property and equipment, net consists of the following: 
 December 31, 2019December 31, 2018
 (In thousands)
Land$373,301  $381,527  
Building and improvements (1)969,609  989,872  
Furniture, fixtures and equipment346,260  330,149  
Construction in progress50,928  59,523  
    Total, at cost1,740,098  1,761,071  
Less accumulated depreciation(616,611) (575,720) 
Subtotal1,123,487  1,185,351  
Less assets held for sale (2)(26,240) (6,862) 
Property and equipment, net$1,097,247  $1,178,489  
(1) As discussed in Note 1, “Description of Business and Summary of Significant Accounting Policies,” due to the adoption of ASC 842, “Leases,” effective January 1, 2019, previously existing capital lease assets have been reclassified from property and equipment, net to financing - right-of- use assets in the accompanying consolidated balance sheet as of December 31, 2019.
(2) Classified in other current assets in the accompanying consolidated balance sheets.
Property and Equipment Impairment Charges
During 2019, 2018 and 2017, property and equipment impairment charges were recorded as noted in the following table:
Franchised Dealerships SegmentEchoPark SegmentConsolidated
Year Ended December 31,(In thousands)
2019$1,101  $19,667  $20,768  
2018$25,832  $1,582  $27,414  
2017$3,890  $1,004  $4,894