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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2017
Property and Equipment

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

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Land and improvements

 

$

260,038

 

 

$

234,862

 

Buildings and improvements

 

 

3,556,118

 

 

 

3,509,825

 

Equipment and software

 

 

399,630

 

 

 

379,811

 

Office furniture and fixtures

 

 

34,510

 

 

 

35,651

 

Construction in progress

 

 

28,104

 

 

 

29,831

 

 

 

 

4,278,400

 

 

 

4,189,980

 

Less: Accumulated depreciation

 

 

(1,475,951

)

 

 

(1,352,323

)

 

 

$

2,802,449

 

 

$

2,837,657

 

 

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2017 under operating leases, inclusive of $189.5 million of payments expected to be made under the cancelable lease at the South Texas facility, are as follows (in thousands):

 

 

2018

 

$

51,552

 

2019

 

 

51,466

 

2020

 

 

51,554

 

2021

 

 

37,508

 

2022

 

 

313

 

Thereafter