v3.26.3
Property and Equipment
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

Note 4. PROPERTY AND EQUIPMENT

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

 

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Land

 

$

258,120

 

 

$

268,873

 

Buildings and site improvements

 

 

305,734

 

 

 

309,851

 

Leasehold improvements

 

 

20,691

 

 

 

20,760

 

Equipment and other

 

 

328,130

 

 

 

325,389

 

Right-of-use assets under finance leases

 

 

58,044

 

 

 

32,735

 

Construction in progress

 

 

4,345

 

 

 

3,090

 

Property and equipment, at cost

 

 

975,064

 

 

 

960,698

 

Accumulated depreciation and amortization

 

 

(404,786

)

 

 

(382,411

)

Accumulated amortization of right-of-use assets under finance leases

 

 

(3,174

)

 

 

(30,601

)

Property and equipment, net

 

$

567,104

 

 

$

547,686

 

We recorded impairment charges of $1.0 million and $4.2 million during the three months ended September 30, 2026 and 2025, and $3.8 million and $19.2 million during the nine months ended September 30, 2026 and 2025, respectively, included within depreciation, amortization and accretion expense on the statements of operations. These impairment charges were primarily related to sites initially classified within assets held for sale in connection with our ongoing real estate optimization effort.