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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2017
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following:
| December 31,
| 2017 |  | 2016
| (in thousands)
Machinery and equipment | $ | 33,109 |  |  | $ | 33,163 |
Leasehold improvements | 72,961 |  |  | 73,363 |
Furniture, fixtures, and other | 19,776 |  |  | 19,358 |
Construction-in-progress | 992 |  |  | 6,809 |
Property and equipment | 126,838 |  |  | 132,693 |
Less: Accumulated depreciation and amortization | (91,806 | ) |  | (88,603 | )
Property and equipment, net | $ | 35,032 |  |  | $ | 44,090 |
Asset Retirement Obligations The Company is contractually obligated under certain of its lease agreements to restore certain retail and office facilities back to their original condition. At lease inception, the estimated fair value of these liabilities is recorded along with a related asset. At December 31, 2017 and 2016, liabilities for asset retirement obligations were $3.1 million and $2.8 million, respectively, and are reported in ‘Other liabilities’ in the consolidated balance sheets. Depreciation and Amortization Expense Depreciation and amortization expense related to property and equipment, reported in ‘Cost of sales’ and ‘Selling, general and administrative expenses’ was:
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
| (in thousands)
Cost of sales | $ | 2,278 |  |  | $ | 1,755 |  |  | $ | 1,764 |
Selling, general and administrative expenses | 12,723 |  |  | 13,312 |  |  | 14,533 |
Total depreciation and amortization expense | $ | 15,001 |  |  | $ | 15,067 |  |  | $ | 16,297 |
Gains/Losses on Disposals The Company recognized net gains on disposals of property and equipment of $0.8 million for the year ended December 31, 2017 and net losses on disposals of property of $0.5 million, and $1.4 million, respectively, for the years ended December 31, 2016 and 2015, which are included in ‘Selling, general and administrative expenses’ in the consolidated statement of operations. Asset Impairments During the years ended December 31, 2017, 2016, and 2015, the Company recorded impairments of $0.5 million, $2.7 million, and $9.6 million, respectively, for underperforming retail stores. During the year ended December 31, 2015, an additional impairment of $5.7 million related to the disposal of the Company's business in South Africa was recorded. Long-lived asset impairments by reportable operating segment, were:
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
| Asset Impairment |  | Number of Stores |  | Asset Impairment |  | Number of Stores |  | Asset Impairment |  | Number of Stores
| (in thousands, except store count data)
Americas | $ | 455 |  |  | 3 |  |  | $ | 1,703 |  |  | 12 |  |  | $ | 7,237 |  |  | 27 |
Asia Pacific (1) | — |  |  | — |  |  | 672 |  |  | 21 |  |  | 6,450 |  |  | 36 |
Europe | 75 |  |  | 1 |  |  | 338 |  |  | 9 |  |  | 1,584 |  |  | 21 |
Total | $ | 530 |  |  | 4 |  |  | $ | 2,713 |  |  | 42 |  |  | $ | 15,271 |  |  | 84 |
(1) In 2015, the Company recorded impairment of nine retail stores in South Africa of $5.7 million.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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