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Property, Plant and Equipment, net

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

9. Property, Plant and Equipment, net

Property, plant and equipment consists of the following (in millions):

		June 30, 2019				December 31, 2018
Cable-ships and submersibles		$	241.3			$	251.1
Equipment, furniture and fixtures, and software		207.1				148.0
Building and leasehold improvements		48.5				47.3
Land		36.9				32.8
Construction in progress		13.5				12.9
Plant and transportation equipment		12.3				12.0
		559.6				504.1
Less: Accumulated depreciation		143.2				127.8
Total		$	416.4			$	376.3

Depreciation expense was $12.9 million and $11.1 million for the three months ended June 30, 2019 and 2018, respectively. These amounts included $2.3 million and $1.7 million of depreciation expense within cost of revenue for the three months ended June 30, 2019 and 2018, respectively.

Depreciation expense was $25.3 million and $22.3 million for the six months ended June 30, 2019 and 2018, respectively. These amounts included $4.5 million and $3.3 million of depreciation expense within cost of revenue for the six months ended June 30, 2019 and 2018, respectively.

Total net book value of equipment, cable-ships, and submersibles under capital leases consisted of $38.7 million and $40.0 million as of June 30, 2019 and December 31, 2018, respectively.

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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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