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Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

6. PROPERTY AND EQUIPMENT

Property and equipment as of December 31, 2020 and 2019 consists of (in millions):

 

 

 

Estimated useful

life (years)

 

 

 

2020

 

 

 

2019

 

Buildings

 

40

 

 

$

19.7

 

 

$

21.9

 

Construction in progress

 

 

—

 

 

 

1.9

 

 

 

15.1

 

Transmission, studio and other broadcast equipment

 

5-15

 

 

 

170.3

 

 

 

162.1

 

Office and computer equipment

 

3-7

 

 

 

33.9

 

 

 

31.4

 

Transportation equipment

 

5

 

 

 

6.8

 

 

 

6.3

 

Leasehold improvements and land improvements

 

Lesser of lease life or useful life

 

 

 

22.0

 

 

 

22.1

 

 

 

 

 

 

 

 

254.6

 

 

 

258.9

 

Less accumulated depreciation

 

 

 

 

 

 

191.2

 

 

 

188.6

 

 

 

 

 

 

 

 

63.4

 

 

 

70.3

 

Land

 

 

 

 

 

 

8.6

 

 

 

9.3

 

 

 

 

 

 

 

$

72.0

 

 

$

79.6

 

 

Depreciation expense was $13.3 million, $10.6 million, and $10.1 million for the years ended December 31, 2020, 2019 and 2018, respectively.  

As part of the FCC auction for broadcast spectrum that concluded in 2017, the FCC has reassigned some stations to new post-auction channels and will reimburse station owners for the cost of the relocation. The Company has received notification from the FCC that 17 of its stations have been assigned to new channels with an estimated reimbursable cost of approximately $16.0 million.  The Company recorded gains on involuntary conversion associated with the repack process of $5.9 million and $6.0 million in 2020 and 2019, respectively.