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Property and Equipment
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment
7.
Property and Equipment

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

 

 

 

September 30,
2023

 

 

December 31,
2022

 

Land

 

$

182,393

 

 

$

169,137

 

Building and improvements

 

 

1,997,522

 

 

 

1,797,809

 

Equipment

 

 

345,873

 

 

 

292,200

 

Construction in progress

 

 

353,001

 

 

 

349,473

 

 

 

 

2,878,789

 

 

 

2,608,619

 

Less: accumulated depreciation

 

 

(733,190

)

 

 

(656,574

)

Property and equipment, net

 

$

2,145,599

 

 

$

1,952,045

 

 

During the nine months ended September 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 operations.

The Company has recorded assets held for sale within other assets on the condensed consolidated balance sheets for closed properties actively marketed of $30.5 million and $8.3 million at September 30, 2023 and December 31, 2022, respectively.