Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Note 4 — Property and Equipment, Net

Property and equipment was comprised as follows at December 31 (dollar amounts in thousands):

	2012		2011
Land, building and equipment	$	111,293	$	114,407
Hotel systems	572,400		610,807
Total	683,693		725,214
Less - depreciation and amortization	(578,177)		(606,050)
Property and equipment, net	$	105,516	$	119,164

We recorded depreciation and amortization expense for property, plant and equipment of $51.4 million, $63.0 million and $73.8 million during the years ended December 31, 2012, 2011 and 2010, 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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