Table:
|  |  | Fiscal year-end |  |
| --- | --- | --- | --- |
|  | 2019 | 2018 | Useful Life |
| Land | $19,490 | $17,655 |  |
| Buildings and improvements | 173,333 | 165,535 | 5 - 40 years |
| Equipment, furniture and fixtures | 389,225 | 359,721 | 3 - 10 years |
| Leasehold improvements | 94,878 | 89,399 | shorter of asset life or lease term |
|  | 676,926 | 632,310 |  |
| Accumulated depreciation and amortization | (353,492) | (320,517) |  |
| Property and equipment, net | $323,434 | $311,793 |  |
Paragraphs:
Property and Equipment
Property and equipment are stated at cost and are depreciated or amortized using the straight-line method. Cost, accumulated depreciation and amortization, and estimated useful lives are as follows (dollars in thousands):
Question:
How is property and equipment stated in the table?
Answer: stated at cost and are depreciated or amortized using the straight-line method