Property And Equipment

12 Months Ended

Dec. 31, 2017

Property And Equipment [Abstract]

Property And Equipment

NOTE 5 – PROPERTIES AND EQUIPMENTS

Operating Property, Net 

Property associated with our operating activities is summarized as follows:

(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	76,457	$	73,803
Building and improvements		153,232		122,863
Leasehold improvements		48,481		46,902
Fixtures and equipment		145,033		118,180
Construction-in-progress		26,000		11,517
Total cost		449,203		373,265
Less: accumulated depreciation		(184,479)		(161,379)
Operating Properties, net	$	264,724	$	211,886

Of our total operating properties as disclosed above, the gross and carrying amounts of the portion of our properties currently on lease or held for leasing as of December 31, 2017 and 2016 are as follows:

(Dollars in thousands)	December 31, 2017		December 31, 2016
Building and improvements
Gross balance	$	71,749	$	33,879
Accumulated depreciation		17,585		9,982
Net Book Value	$	54,164	$	23,897

Depreciation expense for operating property was $14.0 million, $15.1 million, and $13.6 million for the year ended December 31, 2017,  2016 and 2015, respectively.

Investment and Development Property

Investment and development property is summarized as follows:

(Dollars in thousands)	December 31, 2017		December 31, 2016
Land	$	25,025	$	24,616
Building		1,900		1,900
Construction-in-progress (including capitalized interest)		34,329		17,171
Investment and development property, net	$	61,254	$	43,687

For the year ended December 31, 2017 and 2016, we capitalized interest charges of $1.2 million and $297,000 pertaining to our on-going development projects.