Property and equipment consists of the following:
January 28,
January 30,
(In thousands)
2017
2016
Land
$
17,910
Buildings
204,890
204,690
Leasehold improvements
606,522
580,758
Fixtures and equipment
1,028,117
963,758
Construction in progress
26,858
25,266
Property and equipment, at cost
1,884,297
1,792,382
Less: Accumulated depreciation
(1,176,500
)
(1,088,796
Property and equipment, net
707,797
703,586
Depreciation expense is summarized as follows:
For the Years Ended
January 31,
2015
Depreciation expense
152,644
140,616
132,529