Property and Equipment, net

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

As of June 30, 2025 and December 31, 2024, property and equipment, net, which include assets under finance leases, consist of the following (in thousands):


	Asset Lives	June 30, 2025		December 31, 2024
Land	NA	$	76,768	$	73,405
Land improvements	5 to 20 years	34,664		31,764
Buildings and building improvements	10 to 40 years	1,009,351		989,054
Furniture and equipment	5 to 10 years	70,369		66,600
Automobiles	5 to 7 years	3,020		2,923
Assets under financing leases and leasehold improvements	5 to 10 years	7,125		5,607
Construction in progress	NA	2,251		1,039
Total property and equipment		$	1,203,548	$	1,170,392
Less accumulated depreciation and amortization		(453,287)		(430,508)
Total property and equipment, net		$	750,261	$	739,884

The Company recognized depreciation and amortization expense on its property and equipment of $11.5 million and $9.9 million for the three months ended June 30, 2025 and 2024, respectively, and $22.8 million and $19.7 million for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and 2024, property and equipment, net included $1.2 million and $1.8 million, respectively, of capital expenditures which had been incurred but not yet paid.

There were no impairments of long-lived assets for the six months ended June 30, 2025 and June 30, 2024.