Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment are stated at cost.  Equipment held under capital leases is stated at the present value of minimum lease payments at the inception of the related leases.  Depreciation for buildings and improvements is recognized under the straight-line method over 20 to 40 years or, for leasehold improvements, over the remaining term of the lease plus renewal options for which failure to renew the lease imposes a penalty on the Company in such an amount that a renewal appears, at the inception of the lease, to be reasonably assured.  The primary penalty to which the Company is subject is the economic detriment associated with existing leasehold improvements which might be impaired if a decision is made not to continue the use of the leased property.  Depreciation for movable equipment is recognized over useful lives of three to ten years.

Property and equipment at December 31, 2014 and 2013 were as follows (in thousands):

	2014			2013
Building and improvements	$	170,420		$	161,805
Movable equipment	215,444			207,176
Construction in progress	11,940			2,321
	397,804			371,302
Less accumulated depreciation	(217,356		)	(207,612		)
Property and equipment, net	$	180,448		$	163,690

At December 31, 2014, the Company and its partnerships had unfunded construction and equipment purchases of approximately $7.7 million in order to complete construction in progress.  Depreciation expense for continuing and discontinued operations for the years ended December 31, 2014, 2013 and 2012 was $33.2 million, $29.8 million and $26.7 million, respectively. The Company's capitalized interest for the years ended December 31, 2014, 2013 and 2012 was not significant.