Property and Equipment, net

12 Months Ended

Dec. 31, 2020

Property and Equipment, net

Property and Equipment, net

6. Property and Equipment, net

Property and equipment consisted of the following at December 31, (in thousands):

	December 31,		December 31,
	2020		2019
Land	$	47,780	$	36,069
Buildings and improvements		99,739		64,860
Leasehold improvements (1)		210,396		174,417
Furniture and equipment		180,191		181,539
Software		73,256		67,086
Software systems development and construction in progress		11,560		8,632
		622,922		532,603
Less: accumulated depreciation and amortization		(255,024)		(218,229)
Property and equipment, net	$	367,898	$	314,374

(1) At December 31, 2020 inclusive of right-to-use assets

Depreciation expense for the years ended December 31, 2020, 2019, and 2018 was $47.4 million, $54.7 million and $44.8 million, respectively.