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Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment consisted of the following at December 31, 2025 and 2024 (in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land

 

$

220,275

 

 

$

202,550

 

Building and improvements

 

 

2,873,101

 

 

 

2,326,108

 

Equipment

 

 

508,188

 

 

 

448,107

 

Construction in progress

 

 

515,380

 

 

 

772,505

 

 

 

 

4,116,944

 

 

 

3,749,270

 

Less: accumulated depreciation

 

 

(1,005,732

)

 

 

(896,077

)

Property and equipment, net

 

$

3,111,212

 

 

$

2,853,193

 

 

During the years ended December 31, 2025 and 2024, the Company recorded non-cash property impairment charges of $10.4 million and $12.4 million, respectively, primarily related to the closure of certain facilities, which is included in loss on impairment in the consolidated statements of operations.

The Company has recorded assets held for sale within other current assets on the consolidated balance sheets, primarily for closed facilities actively marketed, including two facilities closed during the year ended December 31, 2025, of $60.4 million and $18.5 million at December 31, 2025 and 2024, respectively.