XML 32 R17.htm IDEA: XBRL DOCUMENT v3.25.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
As of December 31,
(in thousands)20242023
Land and improvements$65,212 $65,402 
Buildings and improvements275,844 252,396 
Equipment646,684 622,981 
Computer software33,389 30,395 
Total1,021,129 971,174 
Accumulated depreciation(567,229)(515,919)
Net property and equipment$453,900 $455,255 
On December 30, 2024, we completed the sale of our San Diego tower sites for cash consideration of $20.0 million and recognized a pre-tax gain from disposition of $19.2 million. We reached an agreement on the sale of our West Palm Beach station's building on December 6, 2024, for cash consideration of $40.0 million. This transaction is subject to customary closing conditions, including satisfactory completion of due diligence investigations, and is expected to close in the second quarter of 2025. We expect to enter into a leasing agreement related to this asset.