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Detail of Certain Balance Sheet Accounts | 3 Months Ended
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Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract] |
DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS | DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS Accounts and notes receivable consisted of the following (in thousands):
|  | March 31, 2019 |  | December 31, 2018
Amounts due from manufacturers |  | $ | 101,797 |  |  | $ | 105,140 |
Parts and service receivables |  | 54,267 |  |  | 51,922 |
Finance and insurance receivables |  | 22,441 |  |  | 26,446 |
Other |  | 9,880 |  |  | 13,673 |
Total accounts and notes receivable |  | 188,385 |  |  | 197,181 |
Less: allowance for doubtful accounts |  | 3,074 |  |  | 3,200 |
Accounts and notes receivable, net |  | $ | 185,311 |  |  | $ | 193,981 |
Inventories consisted of the following (in thousands):
|  | March 31, 2019 |  | December 31, 2018
New vehicles |  | $ | 1,303,397 |  |  | $ | 1,278,863 |
Used vehicles |  | 343,033 |  |  | 350,219 |
Rental vehicles |  | 143,372 |  |  | 142,926 |
Parts, accessories and other |  | 79,629 |  |  | 80,556 |
Total inventories |  | 1,869,431 |  |  | 1,852,564 |
Less: lower of cost or net realizable value allowance |  | 8,524 |  |  | 8,505 |
Inventories, net |  | $ | 1,860,907 |  |  | $ | 1,844,059 |
New, used, and rental vehicles are valued at the lower of specific cost or net realizable value and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost (determined on either a first-in, first-out or an average cost basis) or net realizable value. Property and equipment consisted of the following (in thousands):
|  | Estimated Useful Lives in Years |  | March 31, 2019 |  | December 31, 2018
Land |  | — |  | $ | 499,272 |  |  | $ | 487,618 |
Buildings |  | 25 to 50 |  | 739,702 |  |  | 727,826 |
Leasehold improvements |  | Varies |  | 186,382 |  |  | 189,248 |
Machinery and equipment |  | 7 to 20 |  | 128,347 |  |  | 125,919 |
Furniture and fixtures |  | 3 to 10 |  | 112,909 |  |  | 109,274 |
Company vehicles |  | 3 to 5 |  | 14,871 |  |  | 12,333 |
Construction in progress |  | — |  | 48,372 |  |  | 42,959 |
Total |  |  |  | 1,729,855 |  |  | 1,695,177 |
Less: accumulated depreciation and amortization |  |  |  | 359,112 |  |  | 347,342 |
Property and equipment, net |  |  |  | $ | 1,370,743 |  |  | $ | 1,347,835 |
During the three months ended March 31, 2019, the Company incurred $23.4 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 $9.2 million of capital expenditures accrued as of December 31, 2018. As of March 31, 2019, the Company had accrued $5.1 million of capital expenditures. Additionally, during the three months ended March 31, 2019, the Company purchased real estate (including land and buildings) associated with existing dealership operations totaling $14.1 million.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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