PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Land, buildings and equipment owned by the Company and its subsidiaries at December 31, 2018 and 2017 are summarized as follows (in thousands):



	December 31
	2018			2017
Land⁽¹⁾	$	37,835		$	35,080
Buildings and leasehold improvements⁽¹⁾	163,813			154,374
Furniture and equipment	122,614			105,643
	324,262			295,097
Less accumulated depreciation	(152,453		)	(140,282		)
Property and equipment, net	$	171,809		$	154,815

⁽¹⁾ The Company had $557,000 and $3.8 million of properties held for sale that were included in land and buildings at December 31, 2018 and 2017, respectively.

The Company’s depreciation expense related to property and equipment was $15.2 million, $14.7 million, and $13.5 million for the years ended December 31, 2018, 2017 and 2016, respectively. The Company’s rental expense was $17.2 million, $16.4 million, and $16.7 million for the years ended December 31, 2018, 2017 and 2016, respectively.

The Company’s obligations under long-term property leases are as follows (in thousands):



Year	Amount
2019	$	10,876
2020	10,450
2021	9,485
2022	6,716
2023	4,248
Thereafter	11,225
Total	$	53,000