Property

Property, net consisted of the following:



	December 28, 2016		December 30, 2015
	(In thousands)
Land	$	29,914	$	29,856
Buildings and leasehold improvements	243,323		238,134
Other property and equipment	79,804		77,392
Total property owned	353,041		345,382
Less accumulated depreciation	241,132		235,967
Property owned, net	111,909		109,415
Buildings, vehicles and other equipment held under capital leases	35,246		27,429
Less accumulated amortization	14,053		12,028
Property held under capital leases, net	21,193		15,401
Total property, net	$	133,102	$	124,816

The following table reflects the property assets, included in the table above, which were leased to franchisees:



	December 28, 2016		December 30, 2015
	(In thousands)
Land	$	16,192	$	16,192
Buildings and leasehold improvements	59,896		61,551
Total property owned, leased to franchisees	76,088		77,743
Less accumulated depreciation	52,020		52,872
Property owned, leased to franchisees, net	24,068		24,871
Buildings held under capital leases, leased to franchisees	5,656		4,573
Less accumulated amortization	3,408		3,003
Property held under capital leases, leased to franchisees, net	2,248		1,570
Total property leased to franchisees, net	$	26,316	$	26,441

Depreciation expense, including amortization of property under capital leases, for 2016, 2015 and 2014 was $20.6 million, $20.0 million and $19.2 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 10.