Property and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment (including equipment under capital leases) consists of the following:

	December 31,						Estimated Useful  Lives
	2016			2015
Program, service and test equipment	$	223,847		$	199,190		2 to 5 years
Satellite equipment	51,423			42,367			13 years
Furniture and fixtures	21,471			18,846			5 to 8 years
Transmission equipment	51,954			47,218			5 years
Leasehold improvements	90,089			65,475			Term of lease
	438,784			373,096
Accumulated depreciation and amortization	(272,148		)	(209,236		)
	$	166,636		$	163,860

Depreciation and amortization expense on property and equipment (including capital leases) amounted to $46,208, $41,037 and $38,220, for the years ended December 31, 2016, 2015 and 2014, respectively.

In the fourth quarter of 2016, management revised its outlook for the growth potential of the Amsterdam-based media logistics facility, AMCNI – DMC, resulting in lower expected future cash flows due to increased competition and evolving broadcast technologies. In connection with the preparation of the Company's fourth quarter financial information, the Company performed a recoverability test of the long-lived asset group of the AMCNI – DMC business and determined that certain long-lived assets, primarily identifiable intangible assets and analog equipment, were not recoverable. The fair value of the AMCNI – DMC asset group was measured based on an income approach (discounted cash flow valuation methodology). The Company's fourth quarter of 2016 results reflect an impairment charge of $22,909 related to property and equipment which is included in Impairment charges in the consolidated statement of income.

At December 31, 2016 and 2015, the gross amount of equipment and related accumulated amortization recorded under capital leases were as follows:

	December 31,
	2016			2015
Satellite equipment	$	51,423		$	42,367
Less accumulated amortization	(19,031		)	(14,640		)
	$	32,392		$	27,727