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Property and Equipment
 3 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

Land

 

$

323,494

 

 

$

326,571

 

Buildings and site improvements

 

 

362,651

 

 

 

365,528

 

Leasehold improvements

 

 

16,560

 

 

 

16,434

 

Equipment

 

 

358,585

 

 

 

356,160

 

Construction in progress

 

 

5,240

 

 

 

4,462

 

Property and equipment, at cost

 

 

1,066,530

 

 

 

1,069,155

 

Accumulated depreciation and amortization

 

 

(373,802

)

 

 

(363,938

)

Property and equipment, net

 

$

692,728

 

 

$

705,217

 

We recorded impairment charges of $0.3 million and $0.4 million during the three months ended March 31, 2024 and 2023, 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.