Property and Equipment

9 Months Ended

Sep. 09, 2011

Property, Plant and Equipment [Abstract]

Property and equipment as of September 9, 2011 (unaudited) and December 31, 2010 consists of the following (in thousands):



	September 9, 2011			December 31, 2010
Land	$	351,745		$	241,145
Land improvements	7,994			7,994
Buildings	2,235,044			1,903,782
Furniture, fixtures and equipment	336,283			309,976
CIP and corporate office equipment	31,643			5,392
	2,962,709			2,468,289
Less: accumulated depreciation	(462,986		)	(396,686		)
	$	2,499,723		$	2,071,603

As of September 9, 2011, we had accrued capital expenditures of $4.8 million. As of December 31, 2010, we had accrued capital expenditures of $2.0 million. Construction in progress (CIP) is primarily as a result of the extensive renovation at the Frenchman's Reef & Morning Star Marriott Beach Resort.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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