PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Land, buildings and equipment owned by the Company and its subsidiaries at December 31, 2016 and 2015 are summarized as follows (in thousands):



	December 31
	2016			2015
Land⁽¹⁾	$	35,463		$	38,992
Buildings and leasehold improvements⁽¹⁾	162,342			160,075
Furniture and equipment	91,706			79,018
	289,511			278,085
Less accumulated depreciation	(123,030		)	(110,481		)
Property and equipment, net	$	166,481		$	167,604

⁽¹⁾ The Company had $8.5 million and $1.9 million of properties held for sale that were included in land and buildings at December 31, 2016 and 2015, respectively.

The Company’s depreciation expense related to property and equipment was $13.5 million, $10.0 million, and $8.1 million for the years ended December 31, 2016, 2015 and 2014, respectively. The Company’s rental expense was $16.7 million, $10.2 million, and $7.6 million for the years ended December 31, 2016, 2015 and 2014, respectively.

The Company’s obligations under long-term property leases are as follows:



Year		Amount
2017		$ 14.6 million
2018		12.7 million
2019		10.1 million
2020		8.8 million
2021		7.2 million
Thereafter		16.1 million
Total		$ 69.5 million