v3.26.1
Property and Equipment, net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):

March 31, 2026
December 31, 2025
Land and improvements
$18,072 $18,268 
Buildings and leasehold improvements
61,253 60,702 
Broadcast equipment
116,185 115,224 
Computer and office equipment
27,766 27,445 
Furniture and fixtures
21,739 21,570 
Transportation equipment
12,170 12,037 
Software development costs
61,146 59,563 
Total property and equipment, gross
318,331 314,809 
Less accumulated depreciation and amortization
(208,636)(204,766)
Total property and equipment, net
$109,695 $110,043 

Depreciation and amortization expense for property and equipment was $4.2 million and $3.9 million for the three months ended March 31, 2026 and 2025, respectively.

During the three months ended March 31, 2026, the Company recognized a $0.5 million net gain on the sale of property in Danbury, CT.

The Company had no material right of use assets related to its finance leases as of March 31, 2026 and December 31, 2025.