Property and Equipment

12 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

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


	September 30,
	2023		2022
Land	$	95,018	$	78,116
Buildings and improvements	204,947		159,037
Equipment	49,632		45,648
Furniture	13,959		12,391
Total property and equipment	363,556		295,192
Less accumulated depreciation	(80,851)		(70,577)
Property and equipment, net	$	282,705	$	224,615

Included in buildings and leasehold improvements above are construction-in-progress amounting to $7.7 million and $1.5 million as of September 30, 2023 and 2022, respectively, which are mostly related to Bombshells development projects.

Depreciation expense was approximately $11.6 million, $10.3 million, and $8.0 million for fiscal years 2023, 2022, and 2021, respectively. Impairment loss for property and equipment, including those later reclassified to assets held for sale, was $58,000, $1.0 million, and $2.0 million for fiscal 2023, 2022, and 2021, respectively.