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Property and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
Components of Property and Equipment, Net | Property and equipment, net consists of the following:
| December 31, 2019 |  | December 31, 2018
| (In thousands) |  |
Land | $ | 373,301 |  |  | $ | 381,527 |
Building and improvements (1) | 969,609 |  |  | 989,872 |
Furniture, fixtures and equipment | 346,260 |  |  | 330,149 |
Construction in progress | 50,928 |  |  | 59,523 |
Total, at cost | 1,740,098 |  |  | 1,761,071 |
Less accumulated depreciation | (616,611) |  |  | (575,720) |
Subtotal | 1,123,487 |  |  | 1,185,351 |
Less assets held for sale (2) | (26,240) |  |  | (6,862) |
Property and equipment, net | $ | 1,097,247 |  |  | $ | 1,178,489 |
(1) As discussed in Note 1, “Description of Business and Summary of Significant Accounting Policies,” due to the adoption of ASC 842, “Leases,” effective January 1, 2019, previously existing capital lease assets have been reclassified from property and equipment, net to financing - right-of- use assets in the accompanying consolidated balance sheet as of December 31, 2019. (2) Classified in other current assets in the accompanying consolidated balance sheets.
Property and Equipment Impairment Charges | During 2019, 2018 and 2017, property and equipment impairment charges were recorded as noted in the following table:
| Franchised Dealerships Segment |  | EchoPark Segment |  | Consolidated
Year Ended December 31, | (In thousands) |  |  |  |
2019 | $ | 1,101 |  |  |  | $ | 19,667 |  |  | $ | 20,768 |
2018 | $ | 25,832 |  |  |  | $ | 1,582 |  |  | $ | 27,414 |
2017 | $ | 3,890 |  |  |  | $ | 1,004 |  |  | $ | 4,894 |

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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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