Property and Equipment

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

4. Property and Equipment

Property and equipment as of September 30, 2012 and December 31, 2011 consisted of the following (in thousands):



	September 30, 2012			December 31, 2011
Land and land improvements	$	177,436		$	137,367
Buildings and leasehold improvements	851,652			706,431
Furniture, fixtures and equipment	70,493			57,018
Construction-in-progress	7,951			1,583
	1,107,532			902,399
Less: accumulated depreciation and amortization	(43,597		)	(23,175		)
Property and equipment, net	$	1,063,935		$	879,224

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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