PROPERTY AND EQUIPMENT
|6 Months Ended|
Jun. 30, 2017
|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:
Depreciation expense was approximately $3.1 million and $3.0 million, for each of the three month periods ended June 30, 2017 and 2016, respectively, and $6.1 million and $6.0 million for the six month periods ended June 30, 2017 and 2016, respectively, which includes depreciation of $13,000 for each of the three month periods and $26,000 for each of the six month periods on a radio station tower valued at $0.8 million under a capital lease obligation. Accumulated depreciation associated with the capital lease was $543,000 and $517,000 at June 30, 2017 and December 31, 2016, respectively.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef