Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The Company’s property and equipment consists of the following:

	December 31,
	2022		2023
	(in thousands)
Land	$	96,630	$	96,492
Leasehold improvements	726,165		824,986
Buildings	579,223		589,690
Furniture and equipment	790,410		879,429
Construction-in-progress	88,932		58,102
Total property and equipment	2,281,360		2,448,699
Accumulated depreciation	(1,279,920)		(1,425,138)
Property and equipment, net	$	1,001,440	$	1,023,561

Depreciation expense was $173.2 million, $174.8 million, and $177.1 million for the years ended December 31, 2021, 2022, and 2023, respectively.