Property and Equipment, net

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

The following summarizes the Company’s property and equipment, net:


(in thousands)	June 30, 2021		December 31, 2020
Land	$	147,698	$	142,403
Buildings	80,953		181,529
Equipment and furniture	484,780		473,775
Leasehold improvements	236,244		172,864
Vehicles	161,536		165,073
Software	34,954		48,136
Construction in progress	246,082		169,789
Property and equipment, gross	1,392,247		1,353,569
Less: Accumulated depreciation and amortization	(336,515)		(335,622)
Property and equipment, net	$	1,055,732	$	1,017,947

For the three months ended June 30, 2021 and 2020, depreciation and amortization expense on property and equipment was $47 million and $28 million, respectively. For the six months ended June 30, 2021 and 2020, depreciation and amortization expense on property and equipment was $94 million and $53 million, respectively.

Property and equipment under construction, which primarily consists of construction of fulfillment centers, is recorded as construction in progress until it is ready for its intended use; thereafter, it is transferred to the related class of property and equipment and depreciated over its estimated useful life.