Property and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

The components of property and equipment are as follows:



	2017		2016
Land	$	147,261	172,310
Buildings and leasehold improvements	416,597		467,096
Furniture, fixtures, equipment and purchased software	320,544		296,214
Construction in progress	61,083		7,604
Property and equipment, at cost	945,485		943,224
Less accumulated depreciation and amortization	420,282		406,652
Property and equipment, net	$	525,203	536,572

In 2016, the Company completed a land acquisition in Europe, utilizing funds that had been placed in escrow in 2014. Construction of a building on that land was completed in January of 2018. In January 2017, the Company formally approved a plan to sell land and buildings in Miami, Florida. The decision to sell these assets was largely based upon changes in local operational requirements and the Company's intended use of the property. The property, which had a net book value of $80 million, was sold in December 2017 for a $4 million gain, which is reported in the United States segment within other operating expenses.