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Property and Equipment | 12 Months Ended
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Dec. 31, 2021
Property Plant And Equipment [Abstract] |
Property and Equipment | Note 8. PROPERTY AND EQUIPMENT Property and equipment, net consisted of the following (in thousands):
|  | December 31, |
|  | 2021 |  |  | 2020 |
Land |  | $ | 321,813 |  |  | $ | 241,585 |
Buildings and site improvements |  |  | 358,335 |  |  |  | 284,593 |
Leasehold improvements |  |  | 13,437 |  |  |  | 10,684 |
Equipment |  |  | 314,393 |  |  |  | 236,420 |
Construction in progress |  |  | 9,457 |  |  |  | 15,919 |
Property and equipment, at cost |  |  | 1,017,435 |  |  |  | 789,201 |
Accumulated depreciation and amortization |  |  | (261,981 | ) |  |  | (218,345 | )
Property and equipment, net |  | $ | 755,454 |  |  | $ | 570,856 |
See Note 3 regarding our acquisition of certain assets from 7-Eleven. Approximately $454 million of property and equipment, net was held for leasing purposes at December 31, 2021. As discussed in Note 12, we lease sites under a lease with Getty Realty Corporation, for which the building and equipment components are classified as a finance lease. The right-of-use asset associated with this finance lease is included in the table above and totaled $9.2 million and $11.7 million at December 31, 2021 and 2020, respectively, net of accumulated amortization. Amortization of this right-of-use asset is included in depreciation, amortization and accretion expense on the statements of income and amounted to $2.1 million, $2.2 million and $2.3 million in 2021, 2020 and 2019, respectively. Depreciation expense, including amortization of assets recorded under finance lease obligations, was approximately $56.1 million, $51.3 million and $42.8 million for 2021, 2020 and 2019, respectively. Included in these amounts are impairment charges primarily related to sites classified within assets held for sale totaling $7.7 million, $9.1 million and $4.5 million during 2021, 2020 and 2019, respectively.

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- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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