Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2020

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


(In thousands)	December 31,				Estimated Useful Lives
	2020		2019
Program, service and test equipment	$	251,925	$	296,680	5 years
Satellite equipment	41,228		46,871		Term of lease
Furniture and fixtures	21,024		29,811		3 to 8 years
Transmission equipment	30,539		76,604		5 years
Leasehold improvements	172,411		181,088		Term of lease
Property and equipment	517,127		631,054
Accumulated depreciation and amortization	(261,082)		(347,302)
Property and equipment, net	$	256,045	$	283,752

At December 31, 2020 and 2019, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2020		2019
Satellite equipment	$	41,228	$	46,871
Less accumulated amortization	(28,049)		(31,158)
	$	13,179	$	15,713

The following table summarizes the lease costs included in the consolidated statement of income:


		December 31,
(In thousands)	Income Statement Location	2020		2019
Operating lease costs	SG&A expenses	$	31,785	$	33,184
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,299		2,472
Interest on lease liabilities	Net interest expense	2,617		2,513
Short term lease costs	SG&A expenses	240		3,309
Variable lease costs	SG&A expenses	1,487		1,068
Total net lease costs		$	38,428	$	42,546