Property and Equipment

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Property and Equipment

Note 6. Property and Equipment

Property and equipment consisted of the following:

	December 31,
(in thousands)	2015			2014
Land and land interests	$	29,032		$	30,360
Buildings and leasehold improvements		135,381			138,104
Equipment and other		270,957			319,435
Gross property and equipment		435,370			487,899
Accumulated depreciation		(246,131	)		(288,328	)
Property and equipment, net	$	189,239		$	199,571

Included in the “Equipment and other” caption above are capitalized costs incurred in developing or obtaining internal use software. The net carrying amount of capitalized software was $12.3 million and $17.0 million as of December 31, 2015 and 2014, respectively.

Included in the “Land and land interests” caption above are certain leasehold interests in land within the Travel & Recreation Group for which the Company is considered to have perpetual use rights. The carrying amount of these leasehold interests was $7.7 million and $9.1 million at December 31, 2015 and 2014, respectively. These land interests are not subject to amortization.

Depreciation expense was $28.1 million for both 2015 and 2014 and $27.4 million for 2013.

During 2015, Viad recorded an impairment charge of $0.1 million related to the write-off of certain software in the Travel & Recreation Group. During 2014 and 2013, Viad recorded impairment charges of $0.9 million and $1.0 million, respectively, at the Marketing & Events Group, primarily related to the write off of certain internally developed software. These impairment losses are included in the consolidated statements of operations under the caption “Other impairment charges.”