Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.10.0.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 9. PROPERTY AND EQUIPMENT
 
The following is a summary of the categories of our property and equipment:
 
 
 
December 31, 2017
 
 
June 30, 2018
 
 
 
(Dollars in thousands)
 
Land
 
$
32,320
 
 
$
31,684
 
Buildings
 
 
28,962
 
 
 
28,920
 
Office furnishings and equipment
 
 
37,583
 
 
 
37,778
 
Office furnishings and equipment under capital lease obligations
 
 
244
 
 
 
207
 
Antennae, towers and transmitting equipment
 
 
85,632
 
 
 
83,290
 
Antennae, towers and transmitting equipment under capital lease obligations
 
 
795
 
 
 
795
 
Studio, production and mobile equipment
 
 
29,697
 
 
 
29,186
 
Computer software and website development costs
 
 
24,477
 
 
 
25,596
 
Record and tape libraries
 
 
27
 
 
 
18
 
Automobiles
 
 
1,385
 
 
 
1,517
 
Leasehold improvements
 
 
19,003
 
 
 
19,010
 
Construction-in-progress
 
 
4,075
 
 
 
5,021
 
 
 
$
264,200
 
 
$
263,022
 
Less accumulated depreciation
 
 
(164,720
)
 
 
(166,599
)
 
 
$
99,480
 
 
$
96,423
 
 
Depreciation expense was approximately $3.0 million and $ 3.1 million for each of the three month periods ended June 30, 2018 and 2017, respectively, and $6.0 million and $6.1 million for the six month periods ended June 30, 2018 and 2017, respectively. Included in this amount is $20,000 and $43,000 for the three and six months ended June 30, 2018 and $23,000 and $46,000 for the three and six month periods ended June 30, 2017, on assets acquired under capital lease obligations. Accumulated depreciation associated with assets acquired under capital lease obligations was $703,000 and $755,000 at June 30, 2018 and December 31, 2017, respectively.