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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2017
Accounting Policies [Abstract] |
Cash and escrow deposits - restricted | Cash and escrow deposits – restricted consist principally of deposits required by certain lenders and lessors pursuant to the applicable agreement and consist of the following:
| December 31,
(in thousands) | 2017 |  | 2016
Current: |  |  |  |  |
Real estate tax and property insurance escrows | $ | 21,603 |  |  | $ | 19,671 |
Replacement reserve escrows | 10,960 |  |  | 6,970 |
Resident deposits | 678 |  |  | 764 |
Other | 3,948 |  |  | 5,459 |
Subtotal | 37,189 |  |  | 32,864 |
Long term: |  |  |  |  |
Insurance deposits | 12,364 |  |  | 12,941 |
CCRC escrows | 8,526 |  |  | 13,301 |
Debt service reserve | 1,820 |  |  | 1,819 |
Subtotal | 22,710 |  |  | 28,061 |
Total | $ | 59,899 |  |  | $ | 60,925 |
Property, plant and equipment, useful lives | Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets, which are as follows:
Asset Category |  | Estimated Useful Life (in years)
Buildings and improvements |  | 40
Furniture and equipment |  | 3 – 7
Resident lease intangibles |  | 1 – 3
As of December 31, 2017 and 2016, net property, plant and equipment and leasehold intangibles, which include assets under capital and financing leases, consisted of the following:
| As of December 31,
(in thousands) | 2017 |  | 2016
Land | $ | 449,295 |  |  | $ | 455,307 |
Buildings and improvements | 4,923,621 |  |  | 5,053,204 |
Leasehold improvements | 124,850 |  |  | 126,325 |
Furniture and equipment | 1,006,889 |  |  | 974,516 |
Resident and leasehold operating intangibles | 594,748 |  |  | 705,000 |
Construction in progress | 74,678 |  |  | 69,803 |
Assets under capital and financing leases | 1,742,384 |  |  | 2,879,996 |
| 8,916,465 |  |  | 10,264,151 |
Accumulated depreciation and amortization | (3,064,320 | ) |  | (2,884,846 | )
Property, plant and equipment and leasehold intangibles, net | $ | 5,852,145 |  |  | $ | 7,379,305 |
Definite lived intangible assets, useful lives | Amortization of the Company's definite-lived intangible assets is computed using the straight-line method over the estimated useful lives of the assets, which are as follows:
Asset Category |  | Estimated Useful Life (in years)
Trade names |  | 2 – 5
Other |  | 3 – 9
The following is a summary of other intangible assets.
| December 31, 2017 |  | December 31, 2016
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Community purchase options | $ | 9,533 |  |  | $ | — |  |  | $ | 9,533 |  |  | $ | 4,738 |  |  | $ | — |  |  | $ | 4,738 |
Health care licenses | 50,927 |  |  | — |  |  | 50,927 |  |  | 65,126 |  |  | — |  |  | 65,126 |
Trade names | 27,800 |  |  | (23,714 | ) |  | 4,086 |  |  | 27,800 |  |  | (21,135 | ) |  | 6,665 |
Management contracts | 11,360 |  |  | (7,929 | ) |  | 3,431 |  |  | 13,531 |  |  | (7,053 | ) |  | 6,478 |
Total | $ | 99,620 |  |  | $ | (31,643 | ) |  | $ | 67,977 |  |  | $ | 111,195 |  |  | $ | (28,188 | ) |  | $ | 83,007 |

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