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Properties And Equipments
12 Months Ended
Dec. 31, 2018
Properties And Equipments [Abstract]  
Properties And Equipments

NOTE 5 – PROPERTIES AND EQUIPMENTS



Operating Property, Net 



Property associated with our operating activities is summarized as follows:





 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(Dollars in thousands)

 

2018

 

2017

Land

 

$

75,689 

 

$

76,457 

Building and improvements

 

 

149,734 

 

 

153,232 

Leasehold improvements

 

 

55,299 

 

 

48,481 

Fixtures and equipment

 

 

167,943 

 

 

145,033 

Construction-in-progress

 

 

3,478 

 

 

26,000 

Total cost

 

 

452,143 

 

 

449,203 

Less: accumulated depreciation

 

 

(194,476)

 

 

(184,479)

Operating Properties, net

 

$

257,667 

 

$

264,724 



Of our total operating properties as disclosed above, the gross and carrying amounts of the portion of our properties currently on lease or held for leasing as of December 31, 2018 and 2017 are as follows:







 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(Dollars in thousands)

 

2018

 

2017

Building and improvements

 

 

 

 

 

 

Gross balance

 

$

67,887 

 

$

71,749 

Accumulated depreciation

 

 

17,709 

 

 

17,585 

Net Book Value

 

$

50,178 

 

$

54,164 



Depreciation expense for operating property was $19.5 million, $14.0 million, and $15.1 million for the year ended December 31, 2018,  2017 and 2016, respectively.



Investment and Development Property



Investment and development property is summarized as follows:





 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

(Dollars in thousands)

 

2018

 

2017

Land

 

$

24,371 

 

$

25,025 

Building

 

 

1,900 

 

 

1,900 

Construction-in-progress (including capitalized interest)

 

 

60,533 

 

 

34,329 

Investment and development property, net

 

$

86,804 

 

$

61,254 



For the year ended December 31, 2018 and 2017, we capitalized interest charges of $3.3 million and $1.2 million pertaining to our on-going development projects.