The major categories of property and equipment are depreciated on a straight-line basis using the estimated lives indicated below: | | | | | | | | | | | Estimated Useful Lives | Buildings | | Up to 40 years | Equipment | | 1 year to 22 years | Furniture and fixtures | | 1 year to 10 years | Leasehold improvements | | Shorter of term of lease or useful life of improvement |
As of June 30, 2026 and 2025, property and equipment, net consisted of the following assets: | | | | | | | | | | | | | | | | | | As of June 30, | | | | 2026 | | 2025 | | | Land | | $ | 62,768 | | | $ | 62,768 | | | | Buildings | | 1,019,912 | | | 1,014,553 | | | | Equipment, furniture and fixtures | | 348,436 | | | 340,411 | | | | | | | | | | | | | | | | Leasehold improvements | | 99,355 | | | 163,342 | | | | Construction in progress | | 5,977 | | | 6,074 | | | | Total Property and equipment | | 1,536,448 | | | 1,587,148 | | | | Less: accumulated depreciation and amortization | | (944,752) | | | (966,073) | | | | Property and equipment, net | | $ | 591,696 | | | $ | 621,075 | | |
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