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Property and Equipment
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment
7.
Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Land

 

$

177,381

 

 

$

169,137

 

Building and improvements

 

 

1,911,252

 

 

 

1,797,809

 

Equipment

 

 

326,669

 

 

 

292,200

 

Construction in progress

 

 

373,369

 

 

 

349,473

 

 

 

 

2,788,671

 

 

 

2,608,619

 

Less: accumulated depreciation

 

 

(714,529

)

 

 

(656,574

)

Property and equipment, net

 

$

2,074,142

 

 

$

1,952,045

 

 

During the three months ended June 30, 2023, the Company recorded a non-cash property impairment charge of $2.0 million and a non-cash operating lease right-of-use asset impairment charge of $2.0 million related to the closure of certain facilities, which is included in loss on impairment in the condensed consolidated statements of income.

The Company has recorded assets held for sale within other assets on the condensed consolidated balance sheets for closed properties actively marketed of $11.5 million and $8.3 million at June 30, 2023 and December 31, 2022, respectively.