Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.8.0.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 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:
 
 
 
As of December 31,
 
 
 
2016
 
2017
 
 
 
(Dollars in thousands)
 
Land
 
$
32,402
 
$
32,320
 
Buildings
 
 
29,070
 
 
28,962
 
Office furnishings and equipment
 
 
37,386
 
 
37,583
 
Office furnishings and equipment under capital lease obligations
 
 
228
 
 
244
 
Antennae, towers and transmitting equipment
 
 
84,144
 
 
85,632
 
Antennae, towers and transmitting equipment under capital lease obligations
 
 
795
 
 
795
 
Studio, production and mobile equipment
 
 
28,668
 
 
29,697
 
Computer software and website development costs
 
 
20,042
 
 
24,477
 
Record and tape libraries
 
 
27
 
 
27
 
Automobiles
 
 
1,373
 
 
1,385
 
Leasehold improvements
 
 
14,696
 
 
19,003
 
Construction-in-progress
 
 
9,983
 
 
4,075
 
 
 
$
258,814
 
$
264,200
 
Less accumulated depreciation
 
 
(156,024)
 
 
(164,720)
 
 
 
$
102,790
 
$
99,480
 
 
Depreciation expense was approximately $12.4 million, $12.2 million and $12.4 million for the years ended December 31, 2017, 2016, and 2015, respectively. Included in this amount is $93,000, $96,000 and $108,000 for the years ended December 31, 2017, 2016, and 2015, respectively, on assets acquired under capital lease obligations. Accumulated depreciation associated with these capital lease obligations was $755,000, $662,000 and $566,000 at December 31, 2017, 2016 and 2015, respectively.