Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following at fiscal year end:



	Useful Life	2013			2012
	(Years)	(In thousands)
Land	—	$	100,862		$	97,933
Buildings and improvements	2 to 50	1,567,836			1,469,225
Leasehold improvements	1 to 29	256,055			257,876
Equipment	3 to 10	137,952			124,199
Furnitures, fixtures and computer software	1 to 7	33,388			29,046
Facility construction in progress		10,804			15,272
Total		$	2,106,897		$	1,993,551
Less accumulated depreciation and amortization		(379,099		)	(306,392		)
Property and equipment, net		$	1,727,798		$	1,687,159

The Company depreciates its leasehold improvements over the shorter of their estimated useful lives or the terms of the leases including renewal periods that are reasonably assured. The Company’s construction in progress primarily consists of facilities under construction that are owned by the Company. Interest capitalized in property and equipment for the year ended December 31, 2013 was not significant. Interest capitalized in property and equipment was $1.2 million for the fiscal year ended December 31, 2012.

Depreciation expense was $78.8 million, $72.2 million and $61.6 million, respectively, for the year ended December 31, 2013 and fiscal years ended December 31, 2012 and January 1, 2012, respectively.

At December 31, 2013 and 2012, the Company had $17.7 million and $17.7 million of assets recorded under capital leases including $17.1 million related to land, buildings and improvements and $0.6 million related to equipment, furniture and fixtures. Capital leases are recorded net of accumulated amortization of $8.4 million and $7.4 million, at December 31, 2013 and 2012, respectively. Depreciation expense related to assets recorded under capital leases for the year ended December 31, 2013 and fiscal years ended December 31, 2012, and January 1, 2012 was $1.0 million, $1.0 million and $1.0 million, respectively, and is included in Depreciation and Amortization in the accompanying consolidated statements of operations.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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