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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2015
Property and Equipment

Property and equipment, at cost, consists of the following (in thousands):

 

     December 31,  
     2015      2014  

Land and improvements

   $ 207,405       $ 127,221   

Buildings and improvements

     3,443,791         3,048,836   

Equipment and software

     360,168         326,603   

Office furniture and fixtures

     35,018         30,884   

Construction in progress

     30,401         276,508   
  

 

 

    

 

 

 
     4,076,783         3,810,052   

Less: Accumulated depreciation

     (1,193,723      (1,151,424
  

 

 

    

 

 

 
   $ 2,883,060       $ 2,658,628   
  

 

 

    

 

 

 
Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2015 under these and other operating leases, inclusive of $206.7 million of payments expected to be made under the cancelable lease at the South Texas facility, are as follows (in thousands):

 

2016

   $ 80,109   

2017

     73,993   

2018

     54,337   

2019

     615   

2020

     563   

Thereafter

     864