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Property And Equipment, Net
 9 Months Ended
Sep. 30, 2016
Property And Equipment, Net [Abstract]  
Property And Equipment, Net

7.PROPERTY AND EQUIPMENT, NET

Property and equipment, net (including assets held under capital leases) consists of the following:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

September 30, 2016

 

December 31, 2015



 

 

 

 

 

 



 

(in thousands)

Towers and related components

 

$

 4,506,871 

 

$

 4,370,664 

Construction-in-process

 

 

 37,754 

 

 

 32,730 

Furniture, equipment, and vehicles

 

 

 49,921 

 

 

 48,018 

Land, buildings, and improvements

 

 

 564,017 

 

 

 524,847 

Total property and equipment

 

 

 5,158,563 

 

 

 4,976,259 

Less: accumulated depreciation

 

 

 (2,378,451)

 

 

 (2,193,906)

Property and equipment, net

 

$

 2,780,112 

 

$

 2,782,353 



Construction-in-process represents costs incurred related to towers that are under development and will be used in the Company’s operations. Depreciation expense was $66.4 million and $72.8 million for the three months ended September 30, 2016 and 2015, respectively, and $202.8 million and $224.9 million for the nine months ended September 30, 2016 and 2015, respectively. At September 30, 2016 and December 31, 2015, non-cash capital expenditures that are included in accounts payable and accrued expenses were $6.0 million and $9.5 million, respectively.