Property and Equipment

12 Months Ended

Dec. 31, 2012

5. Property and Equipment

Property and equipment consists of the following as of December 31, 2012 and 2011 (dollars in thousands):


	Estimated Useful Life	2012			2011
Land		$	96,071		$	94,167
Broadcasting and other equipment	3 to 7 years		227,578			234,103
Computer and capitalized software costs	1 to 3 years		20,457			15,903
Furniture and fixtures	5 years		13,709			12,878
Leasehold improvements	5 years		32,386			32,792
Buildings	20 years		50,296			48,716
Construction in progress			2,841			9,698

			443,338			448,257
Less: accumulated depreciation			(187,435	)		(170,187	)

		$	255,903		$	278,070

Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $31.1 million, $14.1 million and $9.1 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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