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Property and Equipment
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5. PROPERTY AND EQUIPMENT

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

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Land

 

$

323,042

 

 

$

323,882

 

Buildings and site improvements

 

 

360,015

 

 

 

360,542

 

Leasehold improvements

 

 

15,764

 

 

 

15,312

 

Equipment

 

 

337,606

 

 

 

334,324

 

Construction in progress

 

 

4,226

 

 

 

6,514

 

Property and equipment, at cost

 

 

1,040,653

 

 

 

1,040,574

 

Accumulated depreciation and amortization

 

 

(323,735

)

 

 

(312,195

)

Property and equipment, net

 

$

716,918

 

 

$

728,379

 

We recorded impairment charges of $0.4 million and $0.7 million during the three months ended March 31, 2023 and 2022, respectively, included within depreciation, amortization and accretion expenses on the statements of operations. These impairment charges were primarily related to sites initially classified within assets held for sale in connection with our ongoing real estate rationalization effort.