Property

Property, net consisted of the following:



	December 27, 2017		December 28, 2016
	(In thousands)
Land	$	32,506	$	29,914
Buildings and leasehold improvements	243,872		243,323
Other property and equipment	67,786		79,804
Total property owned	344,164		353,041
Less accumulated depreciation	227,959		241,132
Property owned, net	116,205		111,909
Buildings, vehicles and other equipment held under capital leases	39,017		35,246
Less accumulated amortization	15,366		14,053
Property held under capital leases, net	23,651		21,193
Total property, net	$	139,856	$	133,102

The following table reflects the property assets, included in the table above, which were leased to franchisees:



	December 27, 2017		December 28, 2016
	(In thousands)
Land	$	15,490	$	16,192
Buildings and leasehold improvements	54,948		59,896
Total property owned, leased to franchisees	70,438		76,088
Less accumulated depreciation	48,225		52,020
Property owned, leased to franchisees, net	22,213		24,068
Buildings held under capital leases, leased to franchisees	6,060		5,656
Less accumulated amortization	3,300		3,408
Property held under capital leases, leased to franchisees, net	2,760		2,248
Total property leased to franchisees, net	$	24,973	$	26,316

Depreciation expense, including amortization of property under capital leases, for 2017, 2016 and 2015 was $21.2 million, $20.6 million and $20.0 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 10.