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PROPERTY AND EQUIPMENT— NET | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT— NET | PROPERTY AND EQUIPMENT - NET Property and equipment, net consists of the following:
| June 30, 2025 |  | December 31, 2024
Land | $ | 200,366 |  |  | $ | 162,873 |
Buildings and improvements | 1,111,361 |  |  | 933,790 |
Leasehold improvements | 232,052 |  |  | 212,603 |
Equipment | 440,385 |  |  | 396,018 |
Furniture and fixtures | 4,642 |  |  | 4,349 |
Construction in progress | 54,054 |  |  | 41,209 |
| $ | 2,042,860 |  |  | $ | 1,750,842 |
Less: accumulated depreciation | (507,675) |  |  | (459,488) |
PROPERTY AND EQUIPMENT, NET | $ | 1,535,185 |  |  | $ | 1,291,354 |
Management evaluated its long-lived assets and determined there was no impairment during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company recorded an impairment charge of $1,849 within the Company's consolidated statement of income as cost of services. Real Estate Acquisitions A majority of the real estate properties were acquired by subsidiaries of Standard Bearer, as detailed in Note 6. Standard Bearer. The table below presents the allocation of the purchase price for real estate purchases during the six months ended June 30, 2025 and 2024:
| Six Months Ended June 30,
| 2025 |  | 2024 |  |
Land | $ | 37,493 |  |  | $ | 14,491 |  |  |
Building and improvements | 162,806 |  |  | 48,535 |  |  |
Equipment, furniture, and fixtures | 3,956 |  |  | 1,483 |  |  |
Assembled occupancy | 354 |  |  | 377 |  |  |
Goodwill | — |  |  | 372 |  |  |
Other indefinite-lived intangible assets | — |  |  | 132 |  |  |
TOTAL ACQUISITIONS | $ | 204,609 |  |  | $ | 65,390 |  |  |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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