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Premises, Equipment, and Leases | 12 Months Ended
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Dec. 31, 2017
Property, Plant and Equipment [Abstract] |
Premises, Equipment, and Leases | Premises, Equipment, and Leases Premises and equipment on December 31 are summarized below:
(Dollars in thousands) |  | 2017 |  | 2016
Land |  | $ | 104,454 |  |  | $ | 59,343 |
Buildings |  | 472,619 |  |  | 340,593 |
Leasehold improvements |  | 26,640 |  |  | 26,956 |
Furniture, fixtures, and equipment |  | 194,057 |  |  | 180,157 |
Fixed assets held-for-sale (a) |  | 53,195 |  |  | 5,832 |
Premises and equipment, at cost |  | 850,965 |  |  | 612,881 |
Less accumulated depreciation and amortization |  | 318,714 |  |  | 323,496 |
Premises and equipment, net |  | $ | 532,251 |  |  | $ | 289,385 |
Certain previously reported amounts have been reclassified to agree with current presentation. (a) Primarily comprised of land and buildings. FHN is obligated under a number of noncancelable operating leases for premises with terms up to 30 years, which may include the payment of taxes, insurance and maintenance costs. Operating leases for equipment are not material. In 2017 and 2016, FHN recognized $6.0 million and $5.0 million, respectively, of fixed asset impairments and lease abandonment charges related to branch closures which are included in All other losses on the Consolidated Statements of Income. In 2017 and 2016, FHN had net gains of $.4 million and $1.8 million, respectively, related to the sales of bank branches which are included in All other income and commissions on the Consolidated Statements of Income. Minimum future lease payments for noncancelable operating leases, primarily on premises, on December 31, 2017 are shown below. Aggregate minimum income under sublease agreements for these periods is not material.
(Dollars in thousands) |  |
2018 |  | $ | 29,862 |
2019 |  | 27,602 |
2020 |  | 25,242 |
2021 |  | 21,987 |
2022 |  | 17,028 |
2023 and after |  | 59,069 |
Total minimum lease payments |  | $ | 180,790 |
Payments required under capital leases are not material. Rent expense incurred under all operating lease obligations for the years ended December 31 is as follows:
(Dollars in thousands) |  | 2017 |  | 2016 |  | 2015
Rent expense, gross |  | $ | 23,116 |  |  | $ | 20,812 |  |  | $ | 18,166 |
Sublease income |  | (631 | ) |  | (477 | ) |  | (5 | )
Rent expense, net |  | $ | 22,485 |  |  | $ | 20,335 |  |  | $ | 18,161 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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