PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

As of December 31, 2021 and 2020, property and equipment consisted of the following:


	Range of Depreciable Lives	2021		2020

	(Years)	(in thousands)

Software	5-10	$	1,309,160	$	1,144,230
Equipment	3-20	778,533		679,686
Buildings	40	195,088		208,264
Leasehold improvements	5-15	132,529		131,790
Furniture and fixtures	5-10	78,364		63,542
Land		12,126		13,751
		2,505,800		2,241,263
Less accumulated depreciation and amortization		(1,196,623)		(900,438)
Work-in-progress		378,409		237,707
		$	1,687,586	$	1,578,532

As a result of actions taken during the fourth quarter of 2021 to reduce our facilities footprint in certain markets around the world given the success of remote work and flexible arrangements implemented during the COVID-19 pandemic, we recognized charges of $9.2 million in selling, general and administrative expenses in our consolidated statement of income, primarily related to certain leasehold improvements, furniture and fixtures and equipment to reduce the carrying amount of each asset group to the estimated fair value. We continue to evaluate our physical footprint and additional charges may be incurred as these facilities exit activities continue in 2022.

During the fourth quarter of 2019, we wrote-off capitalized software assets of $31.1 million related to legacy Global Payments technology that will no longer be utilized for the combined company.