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Property and Equipment
6 Months Ended
Jun. 30, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

6.

Property and Equipment

Property and equipment consisted of the following at June 30, 2019 and December 31, 2018 (in thousands):

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Land

 

$

446,795

 

 

$

430,771

 

Building and improvements

 

 

2,591,815

 

 

 

2,423,594

 

Equipment

 

 

469,107

 

 

 

444,538

 

Construction in progress

 

 

199,836

 

 

 

294,848

 

 

 

 

3,707,553

 

 

 

3,593,751

 

Less: accumulated depreciation

 

 

(543,477

)

 

 

(485,985

)

Property and equipment, net

 

$

3,164,076

 

 

$

3,107,766

 

 

During the six months ended June 30, 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 $10.9 million and $17.0 million within other assets on the condensed consolidated balance sheets at June 30, 2019 and December 31, 2018, respectively.