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Property and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment | Note 7. PROPERTY AND EQUIPMENT Property and equipment, net consisted of the following (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Land |  | $ | 313,030 |  |  | $ | 326,571 |
Buildings and site improvements |  |  | 360,473 |  |  |  | 365,528 |
Leasehold improvements |  |  | 18,890 |  |  |  | 16,434 |
Equipment |  |  | 363,767 |  |  |  | 356,160 |
Construction in progress |  |  | 6,794 |  |  |  | 4,462 |
Property and equipment, at cost |  |  | 1,062,954 |  |  |  | 1,069,155 |
Accumulated depreciation and amortization |  |  | (406,654 | ) |  |  | (363,938 | )
Property and equipment, net |  | $ | 656,300 |  |  | $ | 705,217 |
Approximately $320 million of property and equipment, net was held for leasing purposes at December 31, 2024. As discussed in Note 13, 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 $3.8 million and $5.4 million at December 31, 2024 and 2023, respectively, net of accumulated amortization. Amortization of this right-of-use asset is included in depreciation, amortization and accretion expense on the consolidated statements of income and amounted to $1.6 million, $1.7 million and $2.0 million in 2024, 2023 and 2022, respectively. Depreciation expense, including amortization of assets recorded under finance lease obligations, was approximately $57.1 million, $54.5 million and $58.3 million for 2024, 2023 and 2022, respectively. Included in these amounts are impairment charges primarily related to sites classified within assets held for sale totaling $4.4 million, $0.8 million and $2.8 million during 2024, 2023 and 2022, respectively.

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