Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment, at cost, consists of the following:

	December 31,
	2019			2018
Land	$	5,265		$	5,283
Buildings and leasehold improvements	84,544			82,111
Furniture, fixtures and equipment	42,966			40,250
	132,775			127,644
Less: accumulated depreciation	(85,020		)	(76,801		)
Net property and equipment	$	47,755		$	50,843

As discussed further in Note 7, "Long-term Debt, Interest Rate Swap and Finance Lease Obligations", the property and equipment of certain skilled nursing centers are pledged as collateral for mortgage debt obligations. In addition, the Company has assets recorded as finance leased assets purchased through finance lease obligations. The Company capitalizes leasehold improvements which will revert back to the lessor of the property at the expiration or termination of the lease, and depreciates these improvements over the shorter of the remaining lease term or the assets' estimated useful lives.