Property and Equipment

12 Months Ended

Dec. 31, 2011

Property and equipment by category is as follows:



	2011			2010
	(In millions)
Land	$	111.6		$	136.3
Buildings and improvements	58.8			61.4
Leaseholds and improvements	409.8			506.6
Equipment and fixtures	100.4			106.2
Construction in progress	4.2			6.2
Properties under capital lease obligations	61.4			62.4
	746.2			879.1
Less accumulated depreciation and amortization	(272.0		)	(266.9		)
Property and equipment, net	$	474.2		$	612.2

The Company recorded depreciation expense on property and equipment of $37.7 million, $48.1 million and $51.9 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Accumulated depreciation and amortization includes accumulated amortization for properties under capital lease obligations in the amount of $29.7 million and $27.4 million at December 31, 2011 and 2010, respectively.

Capitalized interest, net of amortization, is not significant at December 31, 2011 and 2010.