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Property and Equipment, Net
 3 Months Ended
Mar. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Note 3 – Property and Equipment, Net

Property and equipment, net, consisted of the following:

 

(In thousands)

 

March 31, 2020

 

 

December 31, 2019

 

Land

 

$

125,240

 

 

$

125,240

 

Building and site improvements

 

 

922,258

 

 

 

880,662

 

Furniture and equipment

 

 

241,162

 

 

 

222,938

 

Construction in process

 

 

9,821

 

 

 

49,869

 

Property and equipment

 

 

1,298,481

 

 

 

1,278,709

 

Less: Accumulated depreciation

 

 

(257,507

)

 

 

(232,173

)

Property and equipment, net

 

$

1,040,974

 

 

$

1,046,536

 

 

Depreciation expense for property and equipment, including finance leases, was $25.5 million and $21.5 million for the three months ended March 31, 2020 and 2019, respectively.

 

The Company concluded that the impact of the current COVID-19 pandemic on operations and financial results is an indicator that impairment may exist related to its long-lived assets. As a result, the Company performed an impairment assessment and determined that there was no impairment on long-lived assets.