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Property and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2015
Property and Equipment |
Property and Equipment | 8. Property and Equipment Property and equipment, net, consists of the following:
December 31, |  | 2015 |  | 2014 |
|  | (in thousands) |
Property and equipment—non-leased |  |  |  |  |  |  |
Land and improvements |  | $ | 288,910 |  | $ | 42,350 |
Building and improvements |  |  | 396,497 |  |  | 173,043 |
Furniture, fixtures and equipment |  |  | 1,303,153 |  |  | 1,213,143 |
Leasehold improvements |  |  | 129,012 |  |  | 120,984 |
Construction in progress |  |  | 9,175 |  |  | 69,367 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 2,126,747 |  |  | 1,618,887 |
Less Accumulated depreciation |  |  | (1,093,115 | ) |  | (988,490 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 1,033,632 |  |  | 630,397 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment—leased |  |  |  |  |  |  |
Land and improvements |  |  | 382,246 |  |  | 382,702 |
Building and improvements |  |  | 2,219,018 |  |  | 2,219,018 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 2,601,264 |  |  | 2,601,720 |
Less accumulated depreciation |  |  | (654,828 | ) |  | (562,385 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 1,946,436 |  |  | 2,039,335 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment, net |  | $ | 2,980,068 |  | $ | 2,669,732 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
During the year ended December 31, 2015, total property and equipment, net increased by $310.3 million primarily due to the acquisitions of Tropicana Las Vegas Hotel and Casino and Prairie State Gaming on August 25, 2015 and September 1, 2015, respectively and construction costs for the development of Plainridge Park Casino as well as normal capital maintenance expenditures, all of which were partially offset by the reclassification of the assets at Rosecroft Raceway facility as assets held for sale as of December 31, 2015, the disposal of certain assets at our Charles Town and Joliet properties, and depreciation expense for the twelve months ended December 31, 2015. Depreciation expense, for property and equipment as well as capital leases, totaled $258.9 million, $255.4 million, and $287.3 million in 2015, 2014 and 2013. Depreciation expense on the Master Lease assets was $92.4 million, $89.8 million and $14.8 million for the years ended December 31, 2015, 2014, and 2013 respectively. Interest capitalized in connection with major construction projects was $1.8 million, $0.9 million, and $1.4 million in 2015, 2014 and 2013, respectively. During the year ended December 31, 2015, the Company recorded no long-lived asset impairment charges. During the second quarter of 2014, the Company recorded a long-lived asset impairment charge of $4.6 million to write-down certain idle assets to their estimated salvage value. During the fourth quarter of 2013, in connection with the relocation of the Company's two racetracks in Ohio, the Company recorded a long-lived asset impairment charge of $2.2 million for the parcels of land that the racetracks resided on.

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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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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