Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.20.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment, Net
Property and equipment, net consists of the following: 
  December 31, 2020 December 31, 2019
  (In thousands)
Land $ 375,297  $ 373,301 
Buildings and improvements 1,028,016  969,609 
Furniture, fixtures and equipment 365,222  346,260 
Construction in progress 34,767  50,928 
    Total, at cost 1,803,302  1,740,098 
Less accumulated depreciation (673,082) (616,611)
Subtotal 1,130,220  1,123,487 
Less assets held for sale (1) (9,694) (26,240)
Property and equipment, net $ 1,120,526  $ 1,097,247 
(1)Classified in other current assets in the accompanying consolidated balance sheets.
Property and Equipment Impairment Charges
During 2020, 2019 and 2018, property and equipment impairment charges were recorded as noted in the following table:
Franchised Dealerships Segment EchoPark Segment Consolidated
Year Ended December 31, (In thousands)
2020 $ 2,017  $ —  $ 2,017 
2019 $ 1,101  $ 19,667  $ 20,768 
2018 $ 25,832  $ 1,582  $ 27,414