XML 51 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Components of Property and Equipment
Property and equipment consists of the following (in millions):
 
As of December 31,
 
2015
 
2014
Land
$
113.3

 
$
108.1

Buildings
1,521.1

 
1,214.4

Leasehold improvements
96.2

 
79.1

Vehicles
10.0

 
9.3

Furniture, fixtures, and equipment
392.7

 
364.2

 
2,133.3

 
1,775.1

Less: Accumulated depreciation and amortization
(874.3
)
 
(784.0
)
 
1,259.0

 
991.1

Construction in progress
51.1

 
28.6

Property and equipment, net
$
1,310.1

 
$
1,019.7

Fully Depreciated Assets and Assets Under Capital Lease Obligations
Information related to fully depreciated assets and assets under capital lease obligations is as follows (in millions):
 
As of December 31,
 
2015
 
2014
Fully depreciated assets
$
252.4

 
$
240.9

Assets under capital lease obligations:
 

 
 

Buildings
$
333.9

 
$
124.4

Vehicles
6.5

 
5.2

Equipment
0.3

 
0.2

 
340.7

 
129.8

Less: Accumulated amortization
(66.6
)
 
(55.2
)
Assets under capital lease obligations, net
$
274.1

 
$
74.6

Depreciation Expense, Amortization Expense Relating to Assets Under Capital Lease Obligations, Interest Capitalized, and Rent Expense Under Operating Leases
The amount of depreciation expense, amortization expense relating to assets under capital lease obligations, interest capitalized, and rent expense under operating leases is as follows (in millions):
 
For the Year Ended December 31,
 
2015
 
2014
 
2013
Depreciation expense
$
91.0

 
$
79.9

 
$
67.9

Amortization expense
$
12.7

 
$
7.5

 
$
9.5

Interest capitalized
$
1.3

 
$
1.5

 
$
1.9

Rent expense:
 

 
 

 
 

Minimum rent payments
$
48.8

 
$
37.3

 
$
40.3

Contingent and other rents
21.6

 
18.2

 
20.3

Other
3.8

 
3.9

 
4.2

Total rent expense
$
74.2

 
$
59.4

 
$
64.8

Schedule of Accrued Straight-Line Rent
The excess of cumulative rent expense (recognized on a straight-line basis) over cumulative rent payments made on leases with fixed escalation terms is recognized as straight-line rental accrual and is included in Other long-term liabilities in the accompanying consolidated balance sheets, as follows (in millions):
 
As of December 31,
 
2015
 
2014
Straight-line rental accrual
$
11.8

 
$
14.6

Schedule of Future Minimum Lease Payments
Future minimum lease payments at December 31, 2015, for those leases having an initial or remaining noncancelable lease term in excess of one year, are as follows (in millions):
Year Ending December 31,
 
Operating Leases
 
Capital Lease Obligations
 
Total
2016
 
$
59.2

 
$
32.8

 
$
92.0

2017
 
52.1

 
34.1

 
86.2

2018
 
46.0

 
33.4

 
79.4

2019
 
41.2

 
30.3

 
71.5

2020
 
32.9

 
27.8

 
60.7

2021 and thereafter
 
156.2

 
384.7

 
540.9

 
 
$
387.6

 
543.1

 
$
930.7

Less: Interest portion
 
 

 
(254.9
)
 
 

Obligations under capital leases
 
 

 
$
288.2