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Note 3 - Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3.    PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

 

  

December 31,

(In thousands)

 

2022

 

2021

Land

 $334,368 $343,963

Buildings and improvements

 3,172,676 3,146,697

Furniture and equipment

 1,707,212 1,653,451

Riverboats and barges

 241,898 241,447

Construction in progress

 87,612 912

Total property and equipment

 5,543,766 5,386,470

Less accumulated depreciation

 (3,149,530) (2,992,286)

Property and equipment, net

 $2,394,236 $2,394,184

 

Construction in progress primarily relates to costs capitalized in conjunction with major improvements that have not yet been placed into service, and accordingly, such costs are not currently being depreciated.

 

Depreciation expense for the years ended December 31, 20222021 and 2020 was $248.4 million, $255.2 million and $261.7 million, respectively.