Property and Equipment, Net

6 Months Ended

Jun. 30, 2013

Property Plant And Equipment [Abstract]

7. PROPERTY AND EQUIPMENT, NET

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


	As of June 30, 2013			As of December 31, 2012
	(in thousands)
Towers and related components	$	3,753,060		$	3,757,859
Construction-in-process		23,257			25,454
Furniture, equipment and vehicles		37,911			35,278
Land, buildings and improvements		315,644			290,931

		4,129,872			4,109,522
Less: accumulated depreciation		(1,559,465	)		(1,438,205	)

Property and equipment, net	$	2,570,407		$	2,671,317

Construction-in-process represents costs incurred related to towers that are under development and that will be used in the Company’s operations. Depreciation expense was $69.5 million and $52.7 million for the three months ended June 30, 2013 and 2012, respectively, and $133.0 million and $98.4 million for the six months ended June 30, 2013 and 2012, respectively. At June 30, 2013 and December 31, 2012, non-cash capital expenditures that are included in accounts payable and accrued expenses were $9.6 million and $17.3 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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