Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property and Equipment, net

Property and Equipment, net

6. Property and Equipment, net

Property and equipment consisted of the following at December 31, 2022 and 2021 (in thousands):

	December 31,		December 31,
	2022		2021
Land	$	132,728	$	95,724
Buildings and improvements		265,621		208,136
Leasehold improvements		301,055		255,378
Furniture and equipment		232,449		201,083
Software		87,327		78,592
Construction in progress and software in development		81,256		58,694
		1,100,436		897,607
Less: accumulated depreciation and amortization		(342,155)		(298,283)
Property and equipment, net	$	758,281	$	599,324

Depreciation expense for the years ended December 31, 2022, 2021, and 2020 was $48.7 million, $61.6 million and $47.4 million, respectively.