PROPERTY AND EQUIPMENT

12 Months Ended

Aug. 01, 2020

Property, Plant and Equipment [Abstract]

NOTE 6—PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:



(in thousands)	Original Estimated Useful Lives	2020		2019
Land		$	142,737	$	177,970
Buildings and improvements	20-40 years	970,528		1,081,887
Leasehold improvements	5-20 years	205,537		151,311
Equipment	3-30 years	878,483		768,800
Motor vehicles	3-7 years	74,395		76,186
Finance lease assets	1-11 years	161,395		114,107
Construction in progress		79,145		169,999
Property and equipment		2,512,220		2,540,260
Less accumulated depreciation and amortization		811,004		644,096
Property and equipment, net		$	1,701,216	$	1,896,164

The Company capitalized $5.3 million and $3.3 million of interest during fiscal 2020 and 2019, respectively. The Company did not capitalize interest during fiscal 2018.

Depreciation and amortization expense on property and equipment was $197.7 million, $179.6 million and $71.5 million for fiscal 2020, 2019 and 2018, respectively.