Operating Property

12 Months Ended

Dec. 31, 2012

Operating Property [Abstract]

Operating Property

Note 6 – Operating Property

Property associated with our operating activities is summarized as follows (dollars in thousands):

		December 31,
Operating property		2012		2011
Land	$	69,370	$	62,873
Building and improvements		136,225		134,967
Leasehold improvements		45,391		41,380
Fixtures and equipment		108,169		103,872
Total cost		359,155		343,092
Less: accumulated depreciation		(156,377)		(139,312)
Operating property, net	$	202,778	$	203,780

Depreciation expense for operating property was $14.9 million, $14.9 million, and $13.0 million for the three years ended December 31, 2012,  2011, and 2010, respectively.

In 2011, we recorded impairment losses totaling $65,000 on two of our cinema properties.  We did not record an impairment charge for our operating assets during 2012 or 2010.