Property and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Note 4 – Property and Equipment, Net

The following table summarizes the components of property and equipment, net:

	December 31, 2016			December 31, 2015
	(In thousands)
Land	$	12,470		$	12,470
Building and site improvements		77,515			67,984
Furniture and equipment		75,740			45,840
Construction in process		5,246			1,833
Property and equipment		170,971			128,127
Less: Accumulated depreciation		(33,390	)		(13,818	)
Property and equipment, net	$	137,581		$	114,309

On May 20, 2015, the Company sold its former corporate headquarters office building located in Minnetonka, Minnesota at a price of approximately $4.7 million, less approximate fees and closing costs of $0.3 million. The building was carried at $4.8 million, net of accumulated depreciation, on the Company’s consolidated balance sheet as of the date of entry into the sale agreement in March 2015. As a result, the Company recognized an impairment charge of $0.4 million during the first quarter of 2015.

Depreciation expense for property and equipment, including capital leases, totaled $20.2 million, $8.5 million, and $3.4 million for 2016, 2015, and 2014, respectively.