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Property and Equipment
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5. PROPERTY AND EQUIPMENT

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

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Land

 

$

324,816

 

 

$

323,882

 

Buildings and site improvements

 

 

362,515

 

 

 

360,542

 

Leasehold improvements

 

 

16,231

 

 

 

15,312

 

Equipment

 

 

343,716

 

 

 

334,324

 

Construction in progress

 

 

9,530

 

 

 

6,514

 

Property and equipment, at cost

 

 

1,056,808

 

 

 

1,040,574

 

Accumulated depreciation and amortization

 

 

(350,399

)

 

 

(312,195

)

Property and equipment, net

 

$

706,409

 

 

$

728,379

 

We recorded impairment charges of an insignificant amount and $1.6 million during the three months ended September 30, 2023 and 2022 and $0.8 million and $2.7 million during the nine months ended September 30, 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.