Property and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment is comprised of the following:

(in thousands)	2015			2014
Grandstands and buildings	$	412,394		$	439,625
Equipment	252,110			237,867
Tracks and other improvements	142,774			142,975
Land	118,694			118,658
Furniture and fixtures	52,154			49,765
Construction in progress	22,780			15,427
Artwork	2,066			2,050
	1,002,972			1,006,367
Accumulated depreciation	(429,800		)	(411,052		)
Total	$	573,172		$	595,315

Depreciation expense was $53.6 million in 2015, $55.0 million in 2014 and $49.6 million in 2013 and is classified in operating expense in the Consolidated Statements of Comprehensive Income.

In 2014, we recognized accelerated depreciation expense of $2.4 million, primarily related to Calder's barns which are not expected to be utilized subsequent to December 31, 2014.

On November 4, 2014, we ceased operations of Luckity and recorded an impairment charge of $3.2 million in our TwinSpires segment for property and equipment specifically associated with Luckity.