Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.19.3
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment, Net
Property and equipment, net consists of the following:
September 30, 2019 December 31, 2018
(In thousands)
Land $ 377,818    $ 381,527   
Building and improvements (1) 996,832    989,872   
Software and computer equipment 121,436    116,348   
Parts and service equipment 108,333    108,040   
Office equipment and fixtures 98,181    96,622   
Company vehicles 9,457    9,139   
Construction in progress 43,920    59,523   
Total, at cost 1,755,977    1,761,071   
Less accumulated depreciation (610,914)   (575,720)  
Subtotal 1,145,063    1,185,351   
Less assets held for sale (2) (8,850)   (6,862)  
Property and equipment, net $ 1,136,213    $ 1,178,489   
(1) As discussed in Note 1, “Summary of Significant Accounting Policies,” due to the adoption of ASC 842, “Leases,” effective January 1, 2019, previously existing capital lease assets have been reclassified from property and equipment, net to right-of-use assets in the accompanying unaudited condensed consolidated balance sheet as of September 30, 2019.
(2) Classified in other current assets in the accompanying unaudited condensed consolidated balance sheets.