Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

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



	Useful Life	2019			2018
	(Years)	(In thousands)
Land	—	$	128,874		$	131,377
Buildings and improvements	2 to 50	2,229,956			2,144,414
Leasehold improvements	1 to 29	291,511			303,348
Equipment	3 to 10	216,604			206,191
Furniture, fixtures and computer software	1 to 7	64,828			60,159
Facility construction in progress	—	31,979			65,282
Total		$	2,963,752		$	2,910,771
Less accumulated depreciation and amortization		(819,030		)	(752,161		)
Property and equipment, net		$	2,144,722		$	2,158,610

The Company amortizes 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 new construction and renovations to facilities that are owned by the Company. Interest capitalized in property and equipment for the years ended December 31, 2019 and 2018 was $0.4 million and $3.7 million, respectively.

Depreciation expense was $107.9 million, $103.5 million and $98.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.

At both December 31, 2019 and 2018, the Company had $17.1 million of assets recorded under finance leases related to land, buildings and improvements. Finance leases are recorded net of accumulated amortization of $14.2 million and $13.2 million, at December 31, 2019 and 2018, respectively. Depreciation expense related to assets recorded under capital leases for each of the years ended December 31, 2019, 2018 and 2017 was $1.0 million and is included in Depreciation and Amortization in the accompanying consolidated statements of operations.