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Property And Equipment, Net
 3 Months Ended
Mar. 31, 2017
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



 

March 31, 2017

 

December 31, 2016



 

 

 

 

 

 



 

(in thousands)

Towers and related components

 

$

 4,601,648 

 

$

 4,563,756 

Construction-in-process

 

 

 42,266 

 

 

 38,926 

Furniture, equipment, and vehicles

 

 

 51,004 

 

 

 50,671 

Land, buildings, and improvements

 

 

 590,869 

 

 

 578,680 

Total property and equipment

 

 

 5,285,787 

 

 

 5,232,033 

Less: accumulated depreciation

 

 

 (2,499,843)

 

 

 (2,439,957)

Property and equipment, net

 

$

 2,785,944 

 

$

 2,792,076 



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 $64.1 million and $69.5 million for the three months ended March 31, 2017 and 2016, respectively. At March 31, 2017 and December 31, 2016, non-cash capital expenditures that are included in accounts payable and accrued expenses were $4.7 million and $7.0 million, respectively.