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Property and Equipment
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

(6) Property and Equipment

Property and equipment (in thousands) consisted of the following, as of:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Transportation equipment

 

$

48,645

 

 

$

48,645

 

Computer equipment and purchased software

 

 

56,933

 

 

 

57,515

 

Furniture and equipment

 

 

10,709

 

 

 

10,425

 

Leasehold improvements

 

 

29,733

 

 

 

28,511

 

Internally developed software

 

 

9,643

 

 

 

9,643

 

Property and equipment, gross

 

 

155,663

 

 

 

154,739

 

Less: accumulated depreciation and amortization

 

 

(103,744

)

 

 

(101,380

)

Property and equipment, net

 

$

51,919

 

 

$

53,359

 

 

Included in transportation equipment is the Company’s owned corporate aircraft, including capitalizable costs related to the repairs to the aircraft, and aircraft-related equipment.  As of December 31, 2018, the net carrying value of the aircraft and aircraft-related equipment was $35.2 million, net of $13.4 million of accumulated depreciation.  As of December 31, 2017, the net carrying value of the aircraft and aircraft-related equipment was $36.9 million, net of $11.7 million of accumulated depreciation. During the fourth quarter of 2018, the Company changed the estimated useful life and salvage value of its owned corporate aircraft.  These changes in estimates were accounted for prospectively.  See Note 2, Summary of Significant Accounting Policies to the consolidated financial statements for further detail on these changes in estimates. These changes in estimates did not have a material impact on the Company’s consolidated financial statements for the year ended December 31, 2018.  

Depreciation and amortization expense related to property and equipment, including assets under capital leases, was $8.3 million, $8.4 million, and $10.6 million for the years ended December 31, 2018, 2017, and 2016, respectively.