XML 27 R11.htm IDEA: XBRL DOCUMENT v3.19.2
Property and Equipment
6 Months Ended
Jun. 30, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

The following table provides a summary of the components of property and equipment (in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost:

 

 

 

 

 

 

 

 

Land and improvements

 

$

44,185

 

 

$

49,637

 

Building and improvements

 

 

651,804

 

 

 

723,345

 

Equipment and fixtures

 

 

463,998

 

 

 

498,139

 

Construction in progress

 

 

7,391

 

 

 

16,208

 

Total property and equipment, at cost

 

 

1,167,378

 

 

 

1,287,329

 

Less: Accumulated depreciation and amortization

 

 

(670,823

)

 

 

(727,891

)

Total property and equipment, net

 

$

496,555

 

 

$

559,438

 

Depreciation expense was $10.6 million and $12.2 million for the three months ended June 30, 2019 and 2018, respectively, and $21.3 million and $25.2 million for the six months ended June 30, 2019 and 2018, respectively. See Note 5 — Goodwill and Intangible Assets for information on amortization expense recorded for property and equipment held under finance lease obligations. See Note 7 — Leases for information on ROU assets held under finance lease obligations.

Purchases of property and equipment accrued in accounts payable were $2.1 million and $4.9 million as of June 30, 2019 and December 31, 2018, respectively.