Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.20.1
Property and Equipment, net
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
Property and Equipment, net

Property, plant and equipment, net, consisted of the following (in thousands):
 
December 31,
 
2019
 
2018
Leasehold improvements
$
11,319

 
$
6,579

Furniture and fixtures
2,683

 
2,147

Equipment (1)
157,259

 
151,953

Computer equipment
16,993

 
18,561

Computer software (1)(2)
51,939

 
38,475

Automobiles
301

 
293

Buildings
7,088

 
8,005

Albatross (aircraft)
456

 
447

Satellite transponders
70,100

 
62,306

Construction in-progress (2)
1,499

 
11,847

Total property, plant, and equipment
319,637

 
300,613

Accumulated depreciation (1) (2)
(174,342
)
 
(124,036
)
Property, plant and equipment, net
$
145,295

 
$
176,577


(1)
Includes equipment & computer software acquired under finance leases of $1.2 million and $1.0 million as December 31, 2019 and 2018, net of and related accumulated amortization of $0.9 million and $1.0 million as of December 31, 2019 and 2018, respectively.
(2)
Includes internally developed software of $39.0 million and $33.4 million and related accumulated amortization of $27.8 million and $19.3 million as of December 31, 2019 and 2018, respectively. Amortization expense for the years ended December 31, 2019 and 2018 was $8.5 million and $7.9 million, respectively. There were no impairment losses during the years ended December 31, 2019 and 2018. During the years ended December 31, 2019 and 2018, the Company capitalized software development costs totaling $5.7 million and $10.0 million, respectively.

Depreciation expense for property, plant and equipment, including software amortization expense and amortization of assets under capital leases, for the years ended December 31, 2019 and 2018 is as follows (in thousands):
 
Year Ended December 31,
 
2019
 
2018
Consolidated Statement of Operations Classification:
 
 
 
Cost of sales
$
36,971

 
$
42,535

Sales and marketing
3,450

 
3,553

Product development
3,181

 
3,257

General and administrative
13,070

 
12,560

Total
$
56,672

 
$
61,905