Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

v3.20.1
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2019
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

 

 

 

 

 

 

 

(In Thousands)

 

December 31, 

 

    

2019

    

2018

Land and improvements

 

$

16,144

 

$

16,002

Buildings and improvements

 

 

114,672

 

 

114,001

Furniture and equipment

 

 

47,886

 

 

45,463

Construction in progress

 

 

10,856

 

 

6,864

 

 

 

189,558

 

 

182,330

Less: Accumulated depreciation

 

 

(68,071)

 

 

(60,254)

 

 

$

121,487

 

$

122,076

 

Property and equipment included assets under finance leases related to our hotel at Rising Star Casino Resort (Note 7) as follows:

 

 

 

 

 

 

 

(In Thousands)

 

December 31, 

 

 

2019

 

2018

Leased land and improvements

 

$

215

 

$

215

Leased buildings and improvements

 

 

5,787

 

 

5,787

Leased furniture and equipment

 

 

1,724

 

 

1,724

 

 

 

7,726

 

 

7,726

Less: Accumulated amortization

 

 

(2,689)

 

 

(2,531)

 

 

$

5,037

 

$

5,195