| Property and Equipment |
|
(8)
|
Property and Equipment
|
Property and equipment, net, consists of the following:
|
|
|
June 30, 2015
|
|
|
December 31, 2014
|
|
|
Satellite system
|
|
$
|
2,397,611
|
|
|
$
|
2,397,611
|
|
|
Terrestrial repeater network
|
|
|
109,412
|
|
|
|
108,341
|
|
|
Leasehold improvements
|
|
|
48,800
|
|
|
|
48,677
|
|
|
Broadcast studio equipment
|
|
|
67,988
|
|
|
|
61,306
|
|
|
Capitalized software and hardware
|
|
|
419,468
|
|
|
|
340,738
|
|
|
Satellite telemetry, tracking and control facilities
|
|
|
74,941
|
|
|
|
71,268
|
|
|
Furniture, fixtures, equipment and other
|
|
|
79,387
|
|
|
|
78,237
|
|
|
Land
|
|
|
38,411
|
|
|
|
38,411
|
|
|
Building
|
|
|
59,513
|
|
|
|
59,373
|
|
|
Construction in progress
|
|
|
115,502
|
|
|
|
155,716
|
|
|
Total property and equipment
|
|
|
3,411,033
|
|
|
|
3,359,678
|
|
|
Accumulated depreciation and amortization
|
|
|
(1,947,206
|
)
|
|
|
(1,849,566
|
)
|
|
Property and equipment, net
|
|
$
|
1,463,827
|
|
|
$
|
1,510,112
|
|
|
Construction in progress consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2015
|
|
|
December 31, 2014
|
|
|
Satellite system
|
|
$
|
12,912
|
|
|
$
|
12,912
|
|
|
Terrestrial repeater network
|
|
|
47,468
|
|
|
|
48,406
|
|
|
Capitalized software
|
|
|
34,311
|
|
|
|
77,755
|
|
|
Other
|
|
|
20,811
|
|
|
|
16,643
|
|
|
Construction in progress
|
|
$
|
115,502
|
|
|
$
|
155,716
|
|
Depreciation expense on property and equipment was $54,075 and $53,344 for the three months ended June 30, 2015 and 2014, respectively, and $105,879 and $107,527 for the six months ended June 30, 2015 and 2014, respectively. We retired property and equipment of $8,239 and $13,518 during the six months ended June 30, 2015 and 2014, respectively.
Satellites
We currently own a fleet of nine operating satellites. The chart below provides certain information on these satellites:
|
Satellite Description
|
|
Year Delivered
|
|
|
Estimated End of
Depreciable Life
|
|
|
FM-1*
|
|
|
2000
|
|
|
|
2013
|
|
|
FM-2*
|
|
|
2000
|
|
|
|
2013
|
|
|
FM-3
|
|
|
2000
|
|
|
|
2015
|
|
|
FM-5
|
|
|
2009
|
|
|
|
2024
|
|
|
FM-6
|
|
|
2013
|
|
|
|
2028
|
|
|
XM-1*
|
|
|
2001
|
|
|
|
2013
|
|
|
XM-3
|
|
|
2005
|
|
|
|
2020
|
|
|
XM-4
|
|
|
2006
|
|
|
|
2021
|
|
|
XM-5
|
|
|
2010
|
|
|
|
2025
|
|
* Satellite is fully depreciated and is still in operation.
|