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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2016
Property and Equipment

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

 

     December 31,  
     2016      2015  

Land and improvements

   $ 234,862       $ 207,405   

Buildings and improvements

     3,509,825         3,443,791   

Equipment and software

     379,811         360,168   

Office furniture and fixtures

     35,651         35,018   

Construction in progress

     29,831         30,401   
  

 

 

    

 

 

 
     4,189,980         4,076,783   

Less: Accumulated depreciation

     (1,352,323      (1,193,723
  

 

 

    

 

 

 
   $ 2,837,657       $ 2,883,060   
  

 

 

    

 

 

 
Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2016 under these and other operating leases, inclusive of $242.3 million of payments expected to be made under the cancelable lease at the South Texas facility, are as follows (in thousands):

 

2017

   $ 51,397   

2018

     51,413   

2019

     51,423   

2020

     51,510   

2021

     39,550   

Thereafter

     290