Property and Equipment

12 Months Ended

Dec. 31, 2012

4. Property and Equipment

Property and equipment consists of the following:

	December 31,

	2011		2012
	(In thousands)
Land	$	69,904	$	68,573
Leasehold improvements		120,369		128,468
Buildings		361,081		352,677
Furniture and equipment		225,363		246,858
Construction-in-progress		9,686		21,648

		786,403		818,224
Less: accumulated depreciation		276,375		316,672

Total property and equipment	$	510,028	$	501,552

Depreciation expense was $64.1 million, $69.8 million and $62.5 million for the years ended December 31, 2010, 2011 and 2012, 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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