Property and Equipment, Net

3 Months Ended

Mar. 31, 2018

Property and Equipment, Net [Abstract]

7.PROPERTY AND EQUIPMENT, NET

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



	As of		As of
	March 31, 2018		December 31, 2017

	(in thousands)
Towers and related components	$	4,817,195	$	4,772,807
Construction-in-process		35,175		34,689
Furniture, equipment, and vehicles		53,485		53,260
Land, buildings, and improvements		638,609		630,370
Total property and equipment		5,544,464		5,491,126
Less: accumulated depreciation		(2,740,986)		(2,678,780)
Property and equipment, net	$	2,803,478	$	2,812,346

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 $64.1 million for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018 and December 31, 2017, non-cash capital expenditures that are included in accounts payable and accrued expenses were $10.4 million and $12.4 million, respectively.