Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Cost

The amendment of the leasing arrangement resulted in the following changes to the amounts recognized on the Company's consolidated balance sheet.

(in millions)
Property, plant and equipment and leasehold intangibles, net	$	128.6
Operating lease right-of-use assets	(40.4)
Total assets	$	88.2
Financing lease obligations	$	135.0
Operating lease obligations	(46.8)
Total liabilities	$	88.2

The amendment of the leasing arrangement resulted in the following changes to the amounts recognized on the Company's consolidated balance sheet.

(in millions)
Property, plant and equipment and leasehold intangibles, net	$	(220.5)
Operating lease right-of-use assets	91.6
Total assets	$	(128.9)
Financing lease obligations	$	(294.4)
Operating lease obligations	91.6
(Loss) gain on sale of communities, net	73.9
Total liabilities and equity	$	(128.9)

A summary of operating and financing lease expense (including the respective presentation on the consolidated statements of operations) and net cash outflows from leases is as follows.

	Years Ended December 31,
Operating Leases (in thousands)	2024		2023		2022
Facility operating expense	$	8,122	$	7,105	$	6,329
Facility lease expense	200,587		202,410		165,294
Operating lease expense	208,709		209,515		171,623
Operating lease expense adjustment (1)	48,793		45,739		34,896
Changes in operating lease assets and liabilities for lessor capital expenditure reimbursements	(16,362)		(9,844)		(13,718)
Operating net cash outflows from operating leases	$	241,140	$	245,410	$	192,801

(1) Represents the difference between the amount of cash operating lease payments and the amount of operating lease expense.

	Years Ended December 31,
Financing Leases (in thousands)	2024		2023		2022
Depreciation and amortization	$	15,275	$	16,444	$	38,126
Interest expense: financing lease obligations	27,761		21,950		48,061
Financing lease expense	$	43,036	$	38,394	$	86,187
Operating cash outflows from financing leases	$	27,761	$	21,950	$	48,061
Financing cash outflows from financing leases	1,084		8,473		22,221
Changes in financing lease assets and liabilities for lessor capital expenditure reimbursement	(598)		(475)		(11,932)
Total net cash outflows from financing leases	$	28,247	$	29,948	$	58,350

Schedule of Lessee, Operating Lease, Liability, Maturity

The aggregate amounts of future minimum lease payments, including community, office, and equipment leases, recognized on the consolidated balance sheet as of December 31, 2024 are as follows (in millions).

Year Ending December 31,	Operating Leases		Financing Leases
2025	$	233.2	$	10.7
2026	182.0		7.1
2027	185.0		6.3
2028	182.5		6.1
2029	185.0		6.1
Thereafter	1,089.6		15.3
Total lease payments	2,057.3		51.6
Purchase price for communities subject to acquisition agreements	—		310.0
Reacquisition price in excess of sale-leaseback proceeds	—		(32.8)
Imputed interest and variable lease payments	(772.0)		(45.5)
Other financing obligations	—		20.6
Total lease obligations	$	1,285.3	$	303.9

Schedule of Finance Lease, Liability, Maturity

The aggregate amounts of future minimum lease payments, including community, office, and equipment leases, recognized on the consolidated balance sheet as of December 31, 2024 are as follows (in millions).

Year Ending December 31,	Operating Leases		Financing Leases
2025	$	233.2	$	10.7
2026	182.0		7.1
2027	185.0		6.3
2028	182.5		6.1
2029	185.0		6.1
Thereafter	1,089.6		15.3
Total lease payments	2,057.3		51.6
Purchase price for communities subject to acquisition agreements	—		310.0
Reacquisition price in excess of sale-leaseback proceeds	—		(32.8)
Imputed interest and variable lease payments	(772.0)		(45.5)
Other financing obligations	—		20.6
Total lease obligations	$	1,285.3	$	303.9