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Property and Equipment | 3 Months Ended
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Mar. 31, 2017
Property Plant And Equipment [Abstract] |
Property and Equipment | 4. Property and Equipment Property and equipment, net consists of the following:
|  | March 31, 2017 |  |  | December 31, 2016 |
|  | (In thousands) |
Land |  | $ | 335,407 |  |  | $ | 306,457 |
Building and improvements |  |  | 805,927 |  |  |  | 777,766 |
Software and computer equipment |  |  | 132,874 |  |  |  | 128,366 |
Parts and service equipment |  |  | 98,499 |  |  |  | 93,901 |
Office equipment and fixtures |  |  | 88,894 |  |  |  | 86,216 |
Company vehicles |  |  | 9,377 |  |  |  | 9,107 |
Construction in progress |  |  | 66,793 |  |  |  | 62,982 |
Total, at cost |  |  | 1,537,771 |  |  |  | 1,464,795 |
Less accumulated depreciation |  |  | (470,824 | ) |  |  | (450,184 | )
Subtotal |  |  | 1,066,947 |  |  |  | 1,014,611 |
Less assets held for sale (1) |  |  | (4,231 | ) |  |  | (4,231 | )
Property and equipment, net |  | $ | 1,062,716 |  |  | $ | 1,010,380 |
(1)Classified in other current assets in the accompanying condensed consolidated balance sheets. In the three months ended March 31, 2017 and 2016, capital expenditures were approximately $75.7 million and $41.4 million, respectively. Capital expenditures for the three months ended March 31, 2017 and 2016 were primarily related to real estate acquisitions, construction of new dealerships and EchoPark stores, building improvements and equipment purchased for use in Sonic’s dealerships and EchoPark stores. Assets held for sale as of March 31, 2017 consists of vacant land that Sonic expects to dispose of in the next twelve months. Impairment charges for the three months ended March 31, 2017 were approximately $0.5 million, which include the write-off of capitalized costs associated with abandonment of certain construction projects. There were no impairment charges for the three months ended March 31, 2016.

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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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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