v3.25.2
PROPERTY AND EQUIPMENT— NET
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT— NET PROPERTY AND EQUIPMENT - NET
Property and equipment, net consists of the following:
June 30, 2025December 31, 2024
Land$200,366 $162,873 
Buildings and improvements1,111,361 933,790 
Leasehold improvements232,052 212,603 
Equipment440,385 396,018 
Furniture and fixtures4,642 4,349 
Construction in progress54,054 41,209 
 $2,042,860 $1,750,842 
Less: accumulated depreciation(507,675)(459,488)
PROPERTY AND EQUIPMENT, NET$1,535,185 $1,291,354 

Management evaluated its long-lived assets and determined there was no impairment during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company recorded an impairment charge of $1,849 within the Company's consolidated statement of income as cost of services.
Real Estate Acquisitions
A majority of the real estate properties were acquired by subsidiaries of Standard Bearer, as detailed in Note 6. Standard Bearer. The table below presents the allocation of the purchase price for real estate purchases during the six months ended June 30, 2025 and 2024:
Six Months Ended June 30,
20252024
Land$37,493 $14,491 
Building and improvements162,806 48,535 
Equipment, furniture, and fixtures3,956 1,483 
Assembled occupancy354 377 
Goodwill— 372 
Other indefinite-lived intangible assets— 132 
TOTAL ACQUISITIONS$204,609 $65,390