PROPERTY, EQUIPMENT AND FACILITIES

12 Months Ended

Dec. 31, 2024

PROPERTY, EQUIPMENT AND FACILITIES [Abstract]

PROPERTY, EQUIPMENT AND FACILITIES

9. PROPERTY, EQUIPMENT AND FACILITIES

Property, equipment and facilities consist of the following:

			At December 31,
	Useful life (years)		2024			2023
Land		-	$	52		$	52
Buildings and improvements		1-25		104,081			101,540
Equipment, furniture and fixtures		1-7		84,352			80,214
Vehicles		3		1,556			1,592
Construction in progress		-		54,763			7,620
				244,804			191,018
Less accumulated depreciation and amortization				(141,271	)		(140,161	)
			$	103,533		$	50,857

The increase in property, equipment and facilities was driven by several factors, including a $37.0 million investment relating to the build-out of the new Nashville, Tennessee, Levittown, Pennsylvania and Houston Texas campuses, $10.9 million in new and expanded programs at various campuses, expansions and additional programs focused on Welding, Electrical and Electronic Systems Technology (“EEST”), Heating Ventilation and Air Conditioning (“HVAC”), and Auto and Medical Assistant (“MA”), and $17.2 million of facilities upgrades including security and branding, with the remainder focusing on training materials and equipment.  Depreciation and amortization expense of property, equipment and facilities was $12.9 million and $6.8 million for the years ended December 31, 2024 and 2023, respectively.