Property and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

The components of property and equipment are as follows:

	Years ended December 31,
	2016		2015
Land	$	172,310	162,923
Buildings and leasehold improvements	467,096		468,607
Furniture, fixtures, equipment and purchased software	296,214		274,723
Construction in progress	7,604		3,494
Property and equipment, at cost	943,224		909,747
Less accumulated depreciation and amortization	406,652		385,023
Property and equipment, net	$	536,572	524,724

In 2016, the Company completed a land acquisition in Europe, utilizing funds that had been placed in escrow in 2014. In January 2017, the Company formally approved a plan to sell land and buildings in Miami, Florida. The sale of the property is anticipated to occur in 2017 and the Company believes that the estimated selling price, less selling costs, will exceed the net book value of $80 million.