PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Depreciation is recorded using the straight-line method over the estimated useful lives of the assets or the related lease term, if any, as follows:

	Years
Land improvements	10-20
Building and improvements	2-50
Equipment	2-10
Furniture and fixtures	2-10

As of December 31, 2024 and 2023, property and equipment, net was comprised of the following:

	December 31,
(in thousands)	2024		2023
Land and improvements	$	49,553	$	401,208
Building and improvements	370,086		673,071
Equipment	280,946		264,398
Furniture and fixtures	64,109		68,746
Construction in process	149,906		73,810
Total property, plant and equipment	914,600		1,481,233
Less: Accumulated depreciation(1)	(283,898)		(306,345)
Property and equipment, net	$	630,702	$	1,174,888

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(1)    Depreciation expense on property and equipment for the years ended December 31, 2024, 2023 and 2022 was $158.0 million, $118.7 million and $71.7 million, respectively.