XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

Property, Plant and Equipment and Leasehold Intangibles, Net | 9 Months Ended
--- | ---
Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment and Leasehold Intangibles, Net | 5. Property, Plant and Equipment and Leasehold Intangibles, Net As of September 30, 2025 and December 31, 2024, net property, plant and equipment and leasehold intangibles consisted of the following.
(in thousands) | September 30, 2025 |  | December 31, 2024
Land | $ | 550,589 |  |  | $ | 532,719 |
Buildings and improvements | 5,829,815 |  |  | 5,667,855 |
Furniture and equipment | 1,238,870 |  |  | 1,182,026 |
Resident in-place lease intangibles | 268,182 |  |  | 281,041 |
Construction in progress | 48,354 |  |  | 32,965 |
Assets under financing leases and leasehold improvements | 849,260 |  |  | 1,245,791 |
Property, plant and equipment and leasehold intangibles | 8,785,070 |  |  | 8,942,397 |
Accumulated depreciation and amortization | (4,461,501) |  |  | (4,347,996) |
Property, plant and equipment and leasehold intangibles, net | $ | 4,323,569 |  |  | $ | 4,594,401 |
Long-lived assets with definite useful lives are depreciated or amortized on a straight-line basis over their estimated useful lives (or, in certain cases, the shorter of their estimated useful lives or the lease term) and are tested for impairment whenever indicators of impairment arise. The Company recognized depreciation and amortization expense on its property, plant and equipment and leasehold intangibles of $94.8 million and $90.1 million for the three months ended September 30, 2025 and 2024, respectively, and $278.6 million and $264.2 million for the nine months ended September 30, 2025 and 2024, respectively. The Company recognized $62.7 million and $65.1 million for the three and nine months ended September 30, 2025, respectively, of non-cash impairment charges in its operating results for its property, plant and equipment and leasehold intangibles assets primarily due to the planned disposition of certain underperforming communities resulting in a change in their intended holding periods. The Company recognized $0.9 million and $2.6 million for the three and nine months ended September 30, 2024, respectively, of non-cash impairment charges in its operating results for its property, plant and equipment and leasehold intangibles assets primarily due to property damage sustained at certain communities. As of September 30, 2025, four communities in the Assisted Living and Memory Care segment and two communities in the CCRCs segment were classified as held for sale, resulting in $68.8 million of net property, plant and equipment and leasehold intangibles assets being recognized as assets held for sale within the condensed consolidated balance sheet. The closings of the sales of the communities are subject to the satisfaction of various closing conditions, including (where applicable) the receipt of regulatory approvals. There can be no assurance that the transactions will close or, if they do, when the actual closings will occur.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration