v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property Plant And Equipment [Abstract]  
Property and Equipment
6.
Property and Equipment

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

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Land

 

$

231,801

 

 

$

220,275

 

Building and improvements

 

 

3,145,739

 

 

 

2,873,101

 

Equipment

 

 

539,188

 

 

 

508,188

 

Construction in progress

 

 

267,007

 

 

 

515,380

 

 

 

 

4,183,735

 

 

 

4,116,944

 

Less: accumulated depreciation

 

 

(1,093,934

)

 

 

(1,005,732

)

Property and equipment, net

 

$

3,089,801

 

 

$

3,111,212

 

During the three and six months ended June 30, 2026, the Company recorded a non-cash property impairment charge of $7.4 million, which is included in loss on impairment in the condensed consolidated statements of income. During the three and six months ended June 30, 2025, the Company recorded a non-cash property impairment charge of $0.6 million, which is included in loss on impairment in the condensed consolidated statements of income.

The Company has recorded assets held for sale within other current assets on the condensed consolidated balance sheets for closed properties actively marketed of $52.6 million and $60.4 million at June 30, 2026 and December 31, 2025, respectively.