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FIXED ASSETS

12 Months Ended

Dec. 31, 2019

FIXED ASSETS:

FIXED ASSETS:

8. FIXED ASSETS:

As of December 31, 2019 and 2018, property, plant and equipment consisted of the following (in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	Useful Life	​	​	​	​	​	​	​
​		(in Years)		2019			2018
Telecommunications equipment and towers		5 -15	​	$	979,028	​	$	914,275	​
Solar assets	​	20-23	​	​	40,043	​	​	38,692	​
Office and computer equipment		3 -10	​		82,630	​		77,085	​
Buildings		15-39	​		48,565	​		48,900	​
Transportation vehicles		3 -10	​		13,424	​		15,039	​
Leasehold improvements		Shorter of useful life or lease term	​		2,316	​		2,033	​
Land		—	​		15,503	​		14,728	​
Furniture and fixtures		5 -10	​		8,866	​		9,200	​
Total property, plant and equipment	​	​	​		1,190,375	​		1,119,952	​
Construction in progress	​	​	​		47,180	​		68,964	​
Total property, plant and equipment	​	​	​		1,237,555	​		1,188,916	​
Less: Accumulated depreciation	​	​	​		(631,974)	​		(562,064)	​
Net fixed assets	​	​	​	$	605,581	​	$	626,852	​

​

Depreciation and amortization of fixed assets, using the straight-line method over the assets’ estimated useful life, for the years ended December 31, 2019, 2018 and 2017 was $86.9 million, $83.0 million and $83.3 million, respectively. Included within telecommunication equipment and towers are certain right to use assets under capital lease with a cost of $25.9 million and $27.7 million and net book value of and $16.5 million and $20.2 million, as of December 31, 2019 and 2018, respectively. The 2018 amounts above include a reclassification of $38.6 million from construction in progress to solar assets.

For the years ended December 31, 2019 and 2018, the Company received capital expenditure grants of $3.1 million and $5.4 million, respectively.

​

The Company had $3.6 million and $1.2 million of capitalized implementation costs at December 31, 2019 and 2018, respectively, and $0.2 million of implementation costs were amortized during the year ended December 31, 2019.

​

In 2018, the US Telecom segment sold approximately 100 cell sites for $24.0 million.  The disposed assets had a book value of $8.8 million and the Company recorded a gain of $15.2 million on the transaction. 

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- References

No definition available.

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- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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