v3.25.4

Property and Equipment | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment (including equipment under finance leases) consists of the following:
(In thousands) | December 31, |  | Estimated Useful Lives
2025 |  | 2024 |
Program, service and test equipment | $ | 323,527 |  |  | $ | 371,994 |  |  | 2 to 5 years
Satellite equipment | 46,885 |  |  | 43,340 |  |  | Term of lease
Furniture and fixtures | 11,101 |  |  | 11,639 |  |  | 3 to 8 years
Transmission equipment | 11,387 |  |  | 29,750 |  |  | 5 years
Leasehold improvements | 133,069 |  |  | 144,709 |  |  | Term of lease
Property and equipment | 525,969 |  |  | 601,432 |  |  |
Accumulated depreciation and amortization | (409,991) |  |  | (458,396) |  |  |
Property and equipment, net | $ | 115,978 |  |  | $ | 143,036 |  |  |
Depreciation and amortization expenses on property and equipment (including equipment under finance leases) amounted to $63.5 million, $64.1 million and $66.9 million, for the years ended December 31, 2025, 2024 and 2023, respectively. At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:
(In thousands) | December 31,
2025 |  | 2024
Satellite equipment | $ | 46,885 |  |  | $ | 43,340 |
Less accumulated amortization | (34,407) |  |  | (31,645) |
| $ | 12,478 |  |  | $ | 11,695 |

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