Property and Equipment

12 Months Ended

Dec. 31, 2012

5. Property and Equipment

Property and equipment of continuing operations at December 31 is recorded at cost and summarized as follows (amounts in thousands):


	2012			2011
Land and land improvements	$	241,292		$	217,811
Buildings		2,297,343			2,272,381
Furniture, fixtures and equipment		563,622			533,396
Construction in progress		27,534			59,822

		3,129,791			3,083,410
Accumulated depreciation		(980,792	)		(874,283	)

Property and equipment, net	$	2,148,999		$	2,209,127

Depreciation expense, including amortization of assets under capital lease obligations, of continuing operations during 2012, 2011 and 2010 was $120.7 million, $116.6 million, and $97.4 million, respectively.

- 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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