Property and Equipment
|12 Months Ended|
Dec. 31, 2019
|Property and Equipment|
|Property and Equipment||
4. PROPERTY & EQUIPMENT
The following table sets forth our property and equipment by class as of December 31, 2019 and 2018, in thousands:
For additions to property and equipment as a result of 2018 acquisitions, see Note 17 – Business Combinations.
Total property and equipment, net as of December 31, 2018 excludes $0.9 million of assets held for sale related to a property acquired in the USI acquisition in which management committed to a plan of sale in the fourth quarter of 2018. These assets held for sale are included in prepaid expenses and other current assets on the Consolidated Balance Sheet as of December 31, 2018. These assets were sold during the second quarter of 2019 and no gain or loss was recognized on the sale.
Depreciation expense was $31.9 million, $23.7 million, and $13.5 million for the years ended December 31, 2019, 2018, and 2017, respectively.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef