PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment consisted of the following (in thousands):



	Estimated Useful Lives in Years	December 31,
	Estimated Useful Lives in Years	2018		2017
Land		$	487,618	$	482,600
Buildings	25 to 50	727,826		700,257
Leasehold improvements	varies	189,248		172,071
Machinery and equipment	7 to 20	125,919		117,781
Furniture and fixtures	3 to 10	109,274		100,881
Company vehicles	3 to 5	12,333		11,933
Construction in progress		42,959		41,824
Total		1,695,177		1,627,347
Less: accumulated depreciation and amortization		347,342		308,388
Property and equipment, net		$	1,347,835	$	1,318,959

During 2018, the Company incurred $110.1 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities, excluding $8.8 million of capital expenditures accrued as of December 31, 2017. As of December 31, 2018, the Company had accrued $9.2 million of capital expenditures. In addition, in 2018, the Company purchased real estate (including land and buildings) associated with existing dealership operations totaling $31.4 million. And, in conjunction with the acquisition of dealerships and franchises in 2018, the Company acquired $22.4 million of real estate and other property and equipment. The Company recognized $5.1 million in asset impairments related to property and equipment for the year ended December 31, 2018, all of which related to the Company’s U.S. segment. Further, the Company had $10.6 million of dealership related assets, including property and equipment and allocated goodwill, qualifying as held-for-sale assets as of December 31, 2018, because they were expected to be disposed of within the next twelve months. Such assets were reclassified to Prepaid expenses and other current assets on the Company’s Consolidated Balance Sheets. All such held-for-sale assets related to the Company’s U.S. segment.

During 2017, the Company incurred $98.3 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities, excluding $15.9 million of capital expenditures accrued as of December 31, 2016. As of December 31, 2017, the Company had accrued $8.8 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) associated with existing dealership operations totaling $110.4 million. And, in conjunction with the acquisition of dealerships and franchises in 2016, the Company acquired $29.0 million of real estate and other property and equipment. The Company recognized $0.2 million in asset impairments related to property and equipment for the year ended December 31, 2017.

Depreciation and amortization expense, including amortization of capital leases, totaled $67.1 million, $57.9 million and $51.2 million for the years ended December 31, 2018, 2017 and 2016, respectively. As of December 31, 2018 and 2017, $68.8 million and $77.4 million, respectively, of buildings under capital leases were recorded as property and equipment, before accumulated depreciation.