Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

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


(In thousands)	December 31,				Estimated Useful Lives
	2025		2024
Program, service and test equipment	$	323,527	$	371,994	2 to 5 years
Satellite equipment	46,885		43,340		Term of lease
Furniture and fixtures	11,101		11,639		3 to 8 years
Transmission equipment	11,387		29,750		5 years

Leasehold improvements	133,069		144,709		Term of lease
Property and equipment	525,969		601,432
Accumulated depreciation and amortization	(409,991)		(458,396)
Property and equipment, net	$	115,978	$	143,036

At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2025		2024
Satellite equipment	$	46,885	$	43,340
Less accumulated amortization	(34,407)		(31,645)
	$	12,478	$	11,695

The following table summarizes the lease costs included in the consolidated statements of income (loss):


		December 31,
(In thousands)	Income Statement Location	2025		2024		2023
Operating lease costs	Selling, general and administrative expenses	$	22,808	$	22,955	$	26,681
Finance lease costs:
Amortization of leased assets	Depreciation and amortization	2,044		1,153		1,098
Interest on lease liabilities	Interest expense	904		1,188		1,714
Short term lease costs	Selling, general and administrative expenses	170		162		111
Variable lease costs	Selling, general and administrative expenses	2,316		2,492		2,315
Total lease costs		$	28,242	$	27,950	$	31,919