PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

5.	PROPERTY AND EQUIPMENT:

Property and equipment of continuing operations at September 30, 2012 and December 31, 2011 is recorded at cost and summarized as follows (in thousands):


	September 30,			December 31,
	2012			2011

Land and land improvements	$	235,242		$	217,811
Buildings		2,294,902			2,272,381
Furniture, fixtures and equipment		560,200			533,396
Construction-in-progress		31,680			59,822

		3,122,024			3,083,410
Accumulated depreciation		(949,236	)		(874,283	)

Property and equipment, net	$	2,172,788		$	2,209,127

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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