Property and Equipment, net
|6 Months Ended|
Jun. 30, 2020
|Property, Plant and Equipment [Abstract]|
|Property and Equipment, net||Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
Depreciation expense, including software amortization expense, by classification consisted of the following (in thousands):
During the three and six months ended June 30, 2020, the Company recognized $3.4 million impairment loss relating primarily to re-valuation of our office facilities during our initiatives of relocation of worldwide operating facilities to reduce ongoing costs and $1.0 million relating to decommissioned vessels which primarily due to the impact of COVID-19 pandemic. The $3.4 million was reported in operating expenses and the $1.0 million in cost of sales in the accompanying Condensed Consolidated Statements of Operations.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef