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Property and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

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

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

 

useful life,

 

 

 

 

 

 

 

 

 

 

in years

 

2016

 

 

2015

 

Buildings and improvements

 

39

 

$

81,337

 

 

$

73,343

 

Land

 

N/A

 

 

32,068

 

 

 

29,765

 

Leasehold improvements

 

term of lease

 

 

9,909

 

 

 

9,616

 

Studio and transmission equipment

 

5-15

 

 

363,574

 

 

 

339,041

 

Computer equipment

 

3-5

 

 

40,255

 

 

 

31,731

 

Furniture and fixtures

 

7

 

 

11,516

 

 

 

10,824

 

Vehicles

 

5

 

 

17,340

 

 

 

15,811

 

Construction in progress

 

N/A

 

 

7,428

 

 

 

7,680

 

 

 

 

 

 

563,427

 

 

 

517,811

 

Less: accumulated depreciation

 

 

 

 

(287,274

)

 

 

(251,228

)

Property and equipment, net

 

 

 

$

276,153

 

 

$

266,583

 

As of December 31, 2016 and 2015, costs related to purchases of software (included in computer equipment) of $4.9 million and $5.8 million, respectively, were included in net property and equipment. These assets are being amortized over a weighted average useful life of two years and four months, based on the life of the contracts. As of December 31, 2016 and 2015, the current portion of the liability associated with these contracts of $3.2 million and $3.0 million, respectively, is included in other current liabilities in the accompanying Consolidated Balance Sheets, and the long-term portion of $1.9 and $4.2 million is included in other noncurrent liabilities as of each of the years then ended.

 

As of December 31, 2016 and 2015, capital leases of $4.0 million and $4.3 million were included in property and equipment, respectively. The balance of capital lease obligations included $0.1 million in other current liabilities and $4.4 million in other noncurrent liabilities at each of December 31, 2016 and 2015 in the accompanying Consolidated Balance Sheet.