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Note 3 - Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3.    PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

 

   

December 31,

 

(In thousands)

 

2020

   

2019

 

Land

  $ 346,485     $ 324,501  

Buildings and improvements

    3,074,896       3,090,974  

Furniture and equipment

    1,609,637       1,596,395  

Riverboats and barges

    241,043       241,036  

Construction in progress

    43,883       56,069  

Total property and equipment

    5,315,944       5,308,975  

Less accumulated depreciation

    (2,790,057 )     (2,636,422 )

Property and equipment, net

  $ 2,525,887     $ 2,672,553  

 

Construction in progress primarily relates to costs capitalized in conjunction with major improvements that have not yet been placed into service, and accordingly, such costs are not currently being depreciated.

 

Depreciation expense for the years ended December 31, 20202019 and 2018 was $261.7 million, $247.0 million and $212.1 million, respectively.