Property and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment consisted of the following as of the respective periods:



(in thousands)	June 30, 2014			December 31, 2013
Land and land interests	$	23,599		$	23,646
Buildings and leasehold improvements	133,334			139,889
Equipment and other	298,114			294,409
Gross property and equipment	455,047			457,944
Less: accumulated depreciation	(271,579		)	(267,614		)
Property and equipment, net	$	183,468		$	190,330

Depreciation expense for both the three months ended June 30, 2014 and 2013 was $6.9 million and for both the six months ended June 30, 2014 and 2013 was $13.4 million.

In the second quarter of 2014, Viad recorded impairment charges of $0.9 million at the Marketing & Events Group related to the write-off of certain internally developed software.

- 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.

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