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Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (amounts in thousands):
December 31,
20252024
Land$203,317 $203,317 
Buildings and improvements3,275,372 3,055,001 
Furniture, fixtures and equipment914,681 870,988 
Construction in progress176,020 103,329 
4,569,390 4,232,635 
Accumulated depreciation(1,597,591)(1,450,720)
Property and equipment, net$2,971,799 $2,781,915 
Depreciation expense was as follows (amounts in thousands):
Year Ended December 31,
202520242023
Depreciation expense$192,320 $185,534 $130,957 
At December 31, 2025 and 2024, substantially all of the Company’s property and equipment was pledged as collateral for its long-term debt.