XML 49 R18.htm IDEA: XBRL DOCUMENT v3.25.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

8. PROPERTY AND EQUIPMENT, NET

The components of property and equipment, net as of December 31, 2025 and 2024, consisted of the following:

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Land

 

$

286,200

 

 

$

286,200

 

Land improvements

 

 

542,249

 

 

 

520,160

 

Buildings

 

 

977,355

 

 

 

937,392

 

Rides, attractions and equipment

 

 

2,103,369

 

 

 

1,987,881

 

Animals

 

 

136,481

 

 

 

140,151

 

Construction in progress

 

 

91,178

 

 

 

88,159

 

Less: accumulated depreciation

 

 

(2,219,562

)

 

 

(2,072,660

)

Total property and equipment, net

 

$

1,917,270

 

 

$

1,887,283

 

Depreciation expense was approximately $168.0 million, $158.2 million, and $151.7 million for the years ended December 31, 2025, 2024 and 2023, respectively.

For the years ended December 31, 2025, 2024 and 2023, the Company recorded approximately $11.0 million, $11.8 million and $19.4 million, respectively, in fixed asset write-offs, which is included in operating expenses in the accompanying consolidated statements of operations.