Property, Plant and Equipment and Leasehold Intangibles, Net

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment and Leasehold Intangibles, Net

Property, Plant and Equipment and Leasehold Intangibles, Net

As of September 30, 2018 and December 31, 2017, net property, plant and equipment and leasehold intangibles, which include assets under capital and financing leases, consisted of the following:

(in thousands)	September 30, 2018			December 31, 2017
Land	$	461,734		$	449,295
Buildings and improvements	4,952,807			4,923,621
Leasehold improvements	123,765			124,850
Furniture and equipment	1,037,947			1,006,889
Resident and leasehold operating intangibles	522,851			594,748
Construction in progress	47,325			74,678
Assets under capital and financing leases	1,312,908			1,742,384
Property, plant and equipment and leasehold intangibles	8,459,337			8,916,465
Accumulated depreciation and amortization	(3,052,207		)	(3,064,320		)
Property, plant and equipment and leasehold intangibles, net	$	5,407,130		$	5,852,145

Long-lived assets with definite useful lives are depreciated or amortized on a straight-line basis over their estimated useful lives (or, in certain cases, the shorter of their estimated useful lives or the lease term) and are tested for impairment whenever indicators of impairment arise. Refer to Note 5 for information on impairment expense for property, plant and equipment and leasehold intangibles.

The Company recognized depreciation and amortization expense on its property, plant and equipment and leasehold intangibles of $110.4 million and $116.7 million for the three months ended September 30, 2018 and 2017, respectively, and $339.0 million and $361.2 million for the nine months ended September 30, 2018 and 2017, respectively.