Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following (dollars in thousands):


	Estimated Useful Life	December 31, 2022		December 31, 2021
Land	N/A	$	62,485	$	62,649
Broadcasting and other equipment	5 to 7 years	128,139		109,592
Computer and capitalized software costs	3 years	16,230		32,534
Furniture and fixtures	5 years	8,265		7,078
Leasehold improvements	5 years	32,054		27,856
Buildings	20 years	32,643		29,988
Construction in progress	N/A	15,639		17,861
Property and equipment, gross		295,455		287,558
Less: accumulated depreciation		(105,348)		(96,038)
Property and equipment, net		$	190,107	$	191,520

Depreciation expense for the years ended December 31, 2022 and 2021, was $33.1 million and $31.7 million, respectively.

The Company capitalizes certain costs related to software developed or obtained for internal use in accordance with ASC 350-40, Intangibles-Goodwill and Other-Internal Use Software. The Company evaluates these long-lived assets for impairment whenever circumstances arise that indicate the carrying amount of an asset may not be recoverable There was no impairment of capitalized internally developed software costs for the years ended December 31, 2022 and 2021.