Note 9 - Property and Equipment

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

9

– Property

and Equipment

Property and equipment, at cost, consists of the following:

	December 31,
	2016			2015
	(in thousands)
Land	$	59,812		$	59,831
Leasehold improvements		108,661			103,445
Buildings and improvements		552,404			507,627
Furniture and equipment		158,558			150,357
Construction in progress		53,705			54,027
		933,140			875,287
Less: Accumulated depreciation		(373,516	)		(339,241	)
	$	559,624		$	536,046

In

January

2017,

we began operations of a new

112

-bed skilled nursing facility in Columbia, Tennessee. This new health care facility is a joint venture with Maury Regional Medical Center and is a replacement facility for our former NHC Hillview location. As of

December

31,

2016,

the carrying amount of the property and equipment at the former NHC Hillview location is approximately

$3,936,000.

For the year ended

December

31,

2016,

there has been

no

gain or loss recognized in the consolidated statement of income for the potential sale or disposal of the property.

The Company estimates the cost to complete construction in progress is approximately

$7,292,000

at

December

31,

2016.