Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property and equipment (including equipment under finance leases) consists of the following:


(In thousands)	December 31,				Estimated Useful Lives
	2023		2022
Program, service and test equipment	$	336,803	$	314,234	2 to 5 years
Satellite equipment	40,536		40,051		Term of lease
Furniture and fixtures	11,750		12,490		3 to 8 years
Transmission equipment	29,924		30,169		5 years

Leasehold improvements	143,932		149,996		Term of lease
Property and equipment	562,945		546,940
Accumulated depreciation and amortization	(403,708)		(344,906)
Property and equipment, net	$	159,237	$	202,034

At December 31, 2023 and 2022, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2023		2022
Satellite equipment	$	40,536	$	40,051
Less accumulated amortization	(30,652)		(29,069)
	$	9,884	$	10,982

The following table summarizes the lease costs included in the consolidated statement of income:


		December 31,
(In thousands)	Income Statement Location	2023		2022		2021
Operating lease costs	Selling, general and administrative expenses	$	26,681	$	27,186	$	28,189
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	1,098		1,098		2,105
Interest on lease liabilities	Interest expense	1,714		1,894		2,346
Short term lease costs	Selling, general and administrative expenses	111		248		206
Variable lease costs	Selling, general and administrative expenses	2,315		1,468		854
Total net lease costs		$	31,919	$	31,894	$	33,700