Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION

v3.8.0.1
PROPERTY AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION
PROPERTY AND EQUIPMENT, NET OF ACCUMULATED DEPRECIATION

The following table summarizes the Company’s property and equipment related to its Traditional and Entertainment Golf businesses:
 
 
September 30, 2017
 
December 31, 2016
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Land
$
84,319

 
$
—

 
$
84,319

 
$
84,319

 
$
—

 
$
84,319

Buildings and improvements
151,489

 
(49,553
)
 
101,936

 
144,690

 
(39,402
)
 
105,288

Furniture, fixtures and equipment
32,874

 
(22,969
)
 
9,905

 
29,132

 
(20,516
)
 
8,616

Capital leases - equipment
24,284

 
(7,602
)
 
16,682

 
20,844

 
(4,818
)
 
16,026

Construction in progress
13,207

 
—

 
13,207

 
3,362

 
—

 
3,362

Total Property and Equipment
$
306,173

 
$
(80,124
)
 
$
226,049

 
$
282,347

 
$
(64,736
)
 
$
217,611



In May 2017, the management agreement on a golf property in California expired and the Company exited the property.