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Property and Equipment | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
Property and Equipment | PROPERTY AND EQUIPMENT Property and equipment, net is comprised of the following:
| As of December 31,
(in millions) | 2018 |  | 2017
Grandstands and buildings | $ | 532.8 |  |  | $ | 439.8 |
Equipment | 356.3 |  |  | 286.7 |
Tracks and other improvements | 207.3 |  |  | 177.9 |
Land | 140.5 |  |  | 131.7 |
Furniture and fixtures | 73.3 |  |  | 62.5 |
Construction in progress | 7.0 |  |  | 23.5 |
| 1,317.2 |  |  | 1,122.1 |
Accumulated depreciation | (559.7 | ) |  | (514.1 | )
Total | $ | 757.5 |  |  | $ | 608.0 |
Depreciation expense was $57.6 million in 2018, $49.1 million in 2017 and $49.1 million in 2016 and is classified in operating expense in the accompanying consolidated statements of comprehensive income. During the fourth quarter of 2017, the Company recorded a $13.7 million non-cash impairment charge related to certain iGaming assets included in our Online Wagering segment. The impairment was due to a change in the Company's planned usage of these assets. In November 2016, we completed the sale of 61 acres of excess, undeveloped land at Calder Race Course ("Calder Racing") for which we received total proceeds of $25.6 million. We recognized a gain of $23.7 million on the sale of the Calder land, which is included in operating expenses in the accompanying consolidated statements of comprehensive income.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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