Properties And Equipment

12 Months Ended

Dec. 31, 2025

Properties And Equipment [Abstract]

Properties And Equipment

NOTE 7 – PROPERTIES AND EQUIPMENT

Operating Property, Net

Property associated with our operating activities is summarized as follows:

	December 31,
(Dollars in thousands)	2025		2024
Land	$	48,389	$	47,267
Building and improvements		170,906		166,451
Leasehold improvements		48,652		49,444
Fixtures and equipment		149,251		143,773
Construction-in-progress		1,964		1,987
Total cost		419,162		408,922
Less: accumulated depreciation		(211,188)		(194,228)
Operating Properties, net	$	207,974	$	214,694

Of our total operating properties as disclosed above, the gross and carrying amounts of the portion of our properties currently on lease or held for leasing as of December 31, 2025 and 2024 are as follows:

	December 31,
(Dollars in thousands)	2025		2024
Building and improvements
Gross balance	$	115,731	$	113,424
Less: Accumulated depreciation		(25,232)		(21,692)
Net Book Value	$	90,499	$	91,732

Depreciation expense for operating property was $13.1 million, $15.5 million, and $18.3 million for the year ended December 31, 2025, 2024 and 2023, respectively.