Property Assets

12 Months Ended

Dec. 31, 2020

Property Assets


	December 31,
(In thousands)	2020		2019
Software	$	279,141	$	300,690
Building and leasehold improvements	196,179		207,620
Furniture and equipment	163,623		174,741
Transportation equipment	503		567
Construction in progress	7,269		5,346
Total property assets	646,715		688,964
Less accumulated depreciation	(505,074)		(522,826)
Total property assets, net of accumulated depreciation	$	141,641	$	166,138

We had $4.8 million and $3.8 million of capitalized software costs included in construction in progress at December 31, 2020 and 2019, respectively. For the years ended December 31, 2020, 2019 and 2018, we placed in service internally developed software of approximately $9.5 million, $6.0 million and $9.7 million, respectively.

On December 27, 2019, we completed the sale of our corporate headquarters for proceeds of $43.2 million, and entered into a lease agreement for a reduced portion, approximately 60%, of the total square footage of the building. Assets written-off in connection with this transaction included building assets of $14.0 million, including furniture and equipment, and land of $6.7 million. We recorded a total gain on sale of approximately $21.8 million in the fourth quarter of 2019. The gain was recorded to other charges and (gains) in our consolidated statement of operations. The lease includes an initial term of 12 years, with two five year renewal option periods at our discretion. In accordance with ASC 842, we recorded operating lease right-of-use assets and operating lease liabilities of $19.0 million for this lease in our condensed consolidated balance sheet.