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Property and Equipment | 9 Months Ended
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Sep. 30, 2018
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment, net consists of the following:
| September 30, 2018 |  | December 31, 2017
| (In thousands) |  |
Land | $ | 385,814 |  | $ | 370,828
Building and improvements | 984,214 |  | 893,768
Software and computer equipment | 127,515 |  | 147,812
Parts and service equipment | 108,281 |  | 105,123
Office equipment and fixtures | 94,942 |  | 96,066
Company vehicles | 9,144 |  | 9,723
Construction in progress | 74,576 |  | 54,429
Total, at cost | 1,784,486 |  | 1,677,749
Less accumulated depreciation | (567,559) |  | (527,379)
Subtotal | 1,216,927 |  | 1,150,370
Less assets held for sale (1) | (9,664) |  | (3,489)
Property and equipment, net | $ | 1,207,263 |  | $ | 1,146,881
(1) Classified in other current assets in the accompanying condensed consolidated balance sheets. In the three and nine months ended September 30, 2018, capital expenditures were approximately $34.3 million and $133.9 million, respectively, and in the three and nine months ended September 30, 2017, capital expenditures were approximately $60.7 million and $181.9 million, respectively. Capital expenditures in all periods were primarily related to real estate acquisitions, construction of new franchised dealerships and EchoPark stores, building improvements and equipment purchased for use in our franchised dealerships and EchoPark stores. Assets held for sale as of September 30, 2018 consists of real property not being used in operations that we expect to dispose of in the next 12 months. There were no impairment charges for the three months ended September 30, 2018. Impairment charges for the nine months ended September 30, 2018 were approximately $14.0 million, which include the write-off of certain costs associated with internally developed software as well as the write-off of capitalized costs associated with the abandonment of certain construction projects. Impairment charges for the three and nine months ended September 30, 2017 were approximately $0.2 million and $3.3 million, respectively, which include the write-off of goodwill and property and equipment related to the closure of two pre-owned stores that were purchased in 2016 as well as the write-off of capitalized costs associated with the abandonment of certain construction projects.

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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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