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Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

7. Property and Equipment

Property and equipment consisted of the following at December 31, 2023 and 2022 (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Land

 

$

183,347

 

 

$

169,137

 

Building and improvements

 

 

2,064,353

 

 

 

1,797,809

 

Equipment

 

 

365,826

 

 

 

292,200

 

Construction in progress

 

 

420,430

 

 

 

349,473

 

 

 

 

3,033,956

 

 

 

2,608,619

 

Less: accumulated depreciation

 

 

(767,346

)

 

 

(656,574

)

Property and equipment, net

 

$

2,266,610

 

 

$

1,952,045

 

 

During the year ended December 31, 2023, the Company recorded non-cash property impairment charges 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 current assets on the consolidated balance sheets for closed properties actively marketed of $11.5 million and $8.3 million at December 31, 2023 and 2022, respectively.