Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

5.Property and Equipment

The cost and lives at December 31, 2019 and 2018, are as follows (in thousands):

	Approximate	Cost
	Lives	2019		2018
Land and land improvements		$	15,229	$	22,130
Buildings and building improvements	10 − 40 years		56,008		85,317
Revenue and service equipment	3 − 15 years		645,808		648,648
Furniture and equipment	3 − 7 years		48,682		47,482
Leasehold improvements	lesser of useful life or lease terms		24,324		23,027
Computer software	1 − 7 years		90,050		71,926
		$	880,101	$	898,530

The Company recognized $84.6 million, $85.9 million and $86.0 million in depreciation expense in 2019, 2018 and 2017, respectively. The Company recognized $3.9 million, $7.1 million and $2.0 million of losses on the sale of equipment in 2019, 2018 and 2017, respectively, which is included in depreciation and amortization expense in the consolidated statements of comprehensive income. The Company enters into finance leases for certain revenue equipment with terms ranging from 24 - 100 months. At December 31, 2019 and 2018, property and equipment included finance leases with costs of $29.5 million and $39.5 million, and accumulated amortization of $15.9 million and $18.1 million, respectively. Amortization of finance leases is also included in depreciation expense. The Company recognized $4.1 million, $3.1 million and $3.8 million of computer software amortization expense in 2019, 2018 and 2017, respectively. Accumulated amortization for computer software was $64.2 million and $60.2 million as of December 31, 2019 and 2018, respectively.