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Property and Equipment
12 Months Ended
May 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consists of the following (in thousands): 
 Years of
Useful Life
Year Ended
 May 31, 2020May 26, 2019
Land and buildings15-40$102,704  $108,428  
Leasehold improvements3-206,834  6,974  
Computers, capitalized software, machinery, equipment and autos3-20146,659  127,370  
Furniture and fixtures3-72,603  2,828  
Construction in process   28,454  34,206  
Gross property and equipment  287,254  279,806  
Less accumulated depreciation and amortization   (94,916) (79,779) 
Net property and equipment   $192,338  $200,027  

Depreciation and amortization expense for property and equipment for the fiscal years ended May 31, 2020, May 26, 2019 and May 27, 2018 was $16.3 million, $13.1 million and $11.0 million, respectively. Amortization related to finance leases, which is included in depreciation expense, was $0.1 million for each of the fiscal years ended May 31, 2020, May 26, 2019 and May 27, 2018, respectively.
During fiscal years 2020, 2019, and 2018, the Company capitalized $3.1 million, $1.0 million, and $0.9 million in software development costs, respectively. Amortization related to capitalized software was $0.8 million, $0.9 million, and $0.6 million for fiscal years ended May 31, 2020, May 26, 2019 and May 27, 2018, respectively. The unamortized computer software costs as of May 31, 2020 and May 26, 2019 were $5.0 million and $2.8 million, respectively. Capitalized interest was $1.2 million, $0.7 million, and $0.6 million for fiscal years ended May 31, 2020, May 26, 2019 and May 27, 2018, respectively. As disclosed in Note 1, an impairment of property and equipment related to the O reporting unit of $1.3 million was recorded in Selling, general and administrative in the accompanying Consolidated Statements of Operations for the year ended May 31, 2020.
Assets Held for Sale
In January 2020, the Company decided to seek to divest its Curation Foods’ salad dressing plant in Ontario, California. During the fiscal year ended May 31, 2020, the Company (1) designated the fixed assets of its office and manufacturing space located in Ontario, California, as assets held for sale, and (2) recognized a $10.9 million impairment loss, which is included in Restructuring costs within the Consolidated Statements of Operations for the Curation Foods segment. The remaining net carrying value of $2.6 million is included in Property and equipment, net within the Consolidated Balance Sheets as of May 31, 2020. Liabilities of $0.3 million and $2.9 million related to these assets are included in Current portion of lease liabilities and Long-term lease liabilities, respectively, within the Consolidated Balance Sheet. The Company currently expects to complete this divestiture within the first half of fiscal year 2021.
In June 2019, the Company designated the Santa Maria office as the Curation Foods headquarters, and decided to close and put up for sale the Curation Foods office in San Rafael, California. The San Rafael property, included in land and buildings, was designated as held for use within the Consolidated Balance Sheets as of May 26, 2019, as no finalized plan for disposition existed at such time. During the fiscal year ended May 31, 2020, the Company closed escrow on the San Rafael property and recognized a $0.4 million impairment loss, which is included in Restructuring costs within the Consolidated Statements of Operations. The Company received net cash proceeds of $2.4 million in connection with the sale.