Property and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Note 7. Property and Equipment

Property and equipment consisted of the following:

	December 31,
(in thousands)	2020			2019
Land and land interests⁽¹⁾	$	32,849		$	34,532
Buildings and leasehold improvements		386,751			377,754
Equipment and other		401,288			417,239
Gross property and equipment		820,888			829,525
Accumulated depreciation		(352,100	)		(353,974	)
Property and equipment, net (excluding finance leases)		468,788			475,551
Finance lease ROU assets, net		23,366			25,350
Property and equipment, net	$	492,154		$	500,901

⁽¹⁾

Land and land interests include certain leasehold interests in land within Pursuit for which we are considered to have perpetual use rights. The carrying amount of these leasehold interests was $8.3 million as of December 31, 2020 and $8.2 million as of December 31, 2019. These land interests are not subject to amortization.

Depreciation expense was $46.5 million during 2020, $45.6 million during 2019, and $45.8 million during 2018.

Property and equipment purchased through accounts payable and accrued liabilities decreased $6.9 million during 2020, increased $4.2 million during 2019, and decreased $1.9 million during 2018.

We recorded fixed asset impairment charges of $1.6 million during 2020 primarily related to capitalized software and $3.8 million to equipment during 2019 primarily related to our audio-visual production business in the United Kingdom.