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Property and Equipment | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment, net, consisted of the following:
| December 31,
(in thousands) | 2018 |  | 2017
Property and equipment - non-Master Leases |  |  |
Land and improvements | $ | 343,987 |  |  | $ | 294,695 |
Building, vessels and improvements | 342,944 |  |  | 429,015 |
Furniture, fixtures and equipment | 1,565,830 |  |  | 1,385,889 |
Leasehold improvements | 152,943 |  |  | 130,801 |
Construction in progress | 25,473 |  |  | 15,617 |
| 2,431,177 |  |  | 2,256,017 |
Less: Accumulated depreciation | (1,400,198 | ) |  | (1,345,147 | )
| 1,030,979 |  |  | 910,870 |
Property and equipment - Master Leases |  |  |
Land and improvements | 2,970,969 |  |  | 424,700 |
Building, vessels and improvements | 3,845,062 |  |  | 2,258,577 |
| 6,816,031 |  |  | 2,683,277 |
Less: Accumulated depreciation | (978,242 | ) |  | (837,478 | )
| 5,837,789 |  |  | 1,845,799 |
Property and equipment, net | $ | 6,868,768 |  |  | $ | 2,756,669 |
Depreciation expense for all of our property and equipment was $251.9 million, $248.2 million and $261.9 million for the years ended December 31, 2018, 2017 and 2016, respectively, of which, $112.1 million, $92.4 million and $91.1 million, pertained to real estate assets subject to either of our Master Leases, respectively. Interest capitalized in connection with major construction projects was zero, $0.2 million and $0.1 million for the years ended December 31, 2018, 2017 and 2016, respectively. During the year ended December 31, 2018, we recorded $34.3 million of impairment on the property and equipment associated with our Resorts Casino Tunica property, principally relating to the real estate assets subject to the Penn Master Lease. The charge was the result of an impairment assessment performed after reviewing the financial results and projected results of this facility, which has been impacted by nearby competition. This impairment is included in “Provision for loan loss and unfunded loan commitments to the JIVDC, net of recoveries, and impairment losses” within our Consolidated Statements of Operations. For additional information, see Note 16, “Fair Value Measurements.”

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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