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Property and Equipment
3 Months Ended
Mar. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

6.

Property and Equipment

Property and equipment consisted of the following at March 31, 2019 and December 31, 2018 (in thousands):

 

 

 

March 31, 2019

 

 

December 31, 2018

 

Land

 

$

451,157

 

 

$

430,771

 

Building and improvements

 

 

2,565,195

 

 

 

2,423,594

 

Equipment

 

 

456,369

 

 

 

444,538

 

Construction in progress

 

 

216,075

 

 

 

294,848

 

 

 

 

3,688,796

 

 

 

3,593,751

 

Less: accumulated depreciation

 

 

(515,744

)

 

 

(485,985

)

Property and equipment, net

 

$

3,173,052

 

 

$

3,107,766

 

 

During the three months ended March 31, 2019, the Company closed a 168-bed residential treatment center in Albuquerque, New Mexico. The Company is currently evaluating options for the future use of this property. Additionally, the Company has recorded assets held for sale of $21.1 million and $17.0 million within other assets on the condensed consolidated balance sheets at March 31, 2019 and December 31, 2018, respectively.