Property and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property and equipment by category is as follows:



	2012			2011
	(In millions)
Land	$	65.4		$	111.6
Buildings and improvements	60.1			58.8
Leaseholds and improvements	279.8			409.8
Equipment and fixtures	74.9			100.4
Construction in progress	4.7			4.2
Properties under capital lease	60.8			61.4
Property and equipment, gross	545.7			746.2
Less accumulated depreciation and amortization	(251.3		)	(272.0		)
Property and equipment, net	$	294.4		$	474.2

The Company recorded depreciation expense on property and equipment of $27.9 million, $37.7 million and $48.1 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Accumulated depreciation and amortization includes accumulated amortization for properties under capital lease in the amount of $32.5 million and $29.7 million at December 31, 2012 and 2011, respectively.

- 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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