Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consists of the following: 
  December 31, 2018 December 31, 2017
  (In thousands)
Land $ 381,527  $ 370,828 
Building and improvements 989,872  893,768 
Software and computer equipment 116,348  147,812 
Parts and service equipment 108,040  105,123 
Office equipment and fixtures 96,622  96,066 
Company vehicles 9,139  9,723 
Construction in progress 59,523  54,429 
Total, at cost 1,761,071  1,677,749 
Less accumulated depreciation (575,720) (527,379)
Subtotal 1,185,351  1,150,370 
Less assets held for sale (1) (6,862) (3,489)
Property and equipment, net $ 1,178,489  $ 1,146,881 
(1) Classified in other current assets in the accompanying consolidated balance sheets.
Interest capitalized in conjunction with construction projects and software development was approximately $1.5 million, $2.2 million and $2.8 million for 2018, 2017 and 2016, respectively. As of December 31, 2018, commitments for facility construction projects totaled approximately $19.2 million.
During 2018, 2017 and 2016, property and equipment impairment charges were recorded as noted in the following table:
Year Ended December 31, (In thousands)
2018 $ 27,414 
2017 $ 4,894 
2016 $ 8,063 
Impairment charges were due to the abandonment of construction projects and internally developed software, the abandonment and disposal of dealership equipment or our estimate that based on historical and projected operating losses for certain dealerships, these dealerships would not be able to recover recorded property and equipment asset balances.