Property And Equipment, Net

9 Months Ended

Sep. 30, 2017

Property And Equipment, Net [Abstract]

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, 2017		December 31, 2016

	(in thousands)
Towers and related components	$	4,691,935	$	4,563,756
Construction-in-process		36,429		38,926
Furniture, equipment, and vehicles		51,713		50,671
Land, buildings, and improvements		617,032		578,680
Total property and equipment		5,397,109		5,232,033
Less: accumulated depreciation		(2,619,770)		(2,439,957)
Property and equipment, net	$	2,777,339	$	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 $65.0 million and $66.4 million for the three months ended September 30, 2017 and 2016, respectively, and $193.2 million and $202.8 million for the nine months ended September 30, 2017 and 2016, respectively. At September 30, 2017 and December 31, 2016, non-cash capital expenditures that are included in accounts payable and accrued expenses were $7.5 million and $7.0 million, respectively.