Property and Equipment, Net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:




	March 31,		December 31,
(In thousands)	2015		2014
Land	$	229,684	$	229,684
Buildings and improvements	2,528,526		2,534,618
Furniture and equipment	1,109,614		1,079,878
Riverboats and barges	238,723		239,669
Construction in progress	24,034		35,675
Other	8,372		11,502
Total property and equipment	4,138,953		4,131,026
Less accumulated depreciation	1,888,157		1,844,918
Property and equipment, net	$	2,250,796	$	2,286,108

Other property and equipment presented in the table above relates to the estimated net realizable value of construction materials inventory that was not disposed of with the sale of the Echelon project. Such assets are not in service and are not currently being depreciated.

Depreciation expense for the three months ended March 31, 2015 and 2014 was $45.1 million and $57.7 million, respectively.

- 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+ Details