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Property and Equipment
9 Months Ended
Sep. 30, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 4. PROPERTY AND EQUIPMENT

The following is a summary of property and equipment as of September 30, 2016 and December 31, 2015:

 

 

 

September 30,

2016

 

 

December 31,

2015

 

 

 

(in thousands)

 

Land

 

$

740,996

 

 

$

796,790

 

Buildings and improvements

 

 

2,618,859

 

 

 

2,703,293

 

Furniture, fixtures, equipment and other

 

 

419,725

 

 

 

408,190

 

Total property and equipment

 

 

3,779,580

 

 

 

3,908,273

 

Less accumulated depreciation

 

 

(1,368,532

)

 

 

(1,288,281

)

Property and equipment, net

 

 

2,411,048

 

 

 

2,619,992

 

Construction in progress

 

 

36,782

 

 

 

3,480

 

Total property and equipment, net of accumulated

   depreciation

 

$

2,447,830

 

 

$

2,623,472

 

 

Depreciation and amortization expense related to property and equipment was $36.0 million and $42.2 million for the three months ended September 30, 2016 and 2015, respectively. Depreciation and amortization expense related to property and equipment was $110.9 million and $126.0 million for the nine months ended September 30, 2016 and 2015, respectively. Construction in progress includes capitalized costs for ongoing projects that have not yet been put into service.