Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

The components of property and equipment are as follows:



	2018		2017
Land	$	144,521	147,261
Buildings and leasehold improvements	473,663		416,597
Furniture, fixtures, equipment and purchased software	330,316		320,544
Construction in progress	2,582		61,083
Property and equipment, at cost	951,082		945,485
Less accumulated depreciation and amortization	446,977		420,282
Property and equipment, net	$	504,105	525,203

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.