Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment, at cost, consists of the following:

	December 31,
	2018			2017
Land	$	5,283		$	6,521
Buildings and leasehold improvements	87,995			98,140
Furniture, fixtures and equipment	45,182			42,888
	138,460			147,549
Less: accumulated depreciation	(85,361		)	(78,345		)
Net property and equipment	$	53,099		$	69,204

As discussed further in Note 5, "Long-term Debt, Interest Rate Swap and Capitalized Lease Obligations", the property and equipment of certain skilled nursing centers are pledged as collateral for mortgage debt obligations. In addition, the Company has assets recorded as capital leased assets purchased through capitalized lease obligations. The Company capitalizes leasehold improvements which will revert back to the lessor of the property at the expiration or termination of the lease, and depreciates these improvements over the shorter of the remaining lease term or the assets' estimated useful lives.