Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	Useful Life	2014			2013
	(Years)	(In thousands)
Land	—	$	102,349		$	100,862
Buildings and improvements	2 to 50	1,603,081			1,567,836
Leasehold improvements	1 to 29	262,224			256,055
Equipment	3 to 10	153,965			137,952
Furnitures, fixtures and computer software	1 to 7	40,108			33,388
Facility construction in progress		59,218			10,804
Total		$	2,220,945		$	2,106,897
Less accumulated depreciation and amortization		(448,779		)	(379,099		)
Property and equipment, net		$	1,772,166		$	1,727,798

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 expansions to facilities that are owned by the Company. Interest capitalized in property and equipment for the years ended December 31, 2014 and December 31, 2013 was not significant.

Depreciation expense was $79.8 million, $78.8 million and $72.2 million, respectively, for the years ended December 31, 2014, 2013 and 2012, respectively.

At December 31, 2014 and 2013, the Company had $17.1 million and $17.7 million of assets recorded under capital leases including $17.1 million related to land, buildings and improvements. Capital leases are recorded net of accumulated amortization of $9.1 million and $8.4 million, at December 31, 2014 and 2013, respectively. Depreciation expense related to assets recorded under capital leases for the years ended December 31, 2014, 2013 and 2012 was $1.3 million, $1.0 million and $1.0 million, respectively, and is included in Depreciation and Amortization in the accompanying consolidated statements of operations.