Property and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Note 6. Property and Equipment, Net

Property and equipment consisted of the following:


	June 30,			December 31,
(in thousands)	2024			2023
Land and land interests	$	31,745		$	31,184
Buildings and leasehold improvements		459,949			445,074
Equipment and other		463,822			455,070
Gross property and equipment		955,516			931,328
Accumulated depreciation		(414,244	)		(395,557	)
Property and equipment, net (excluding finance leases)		541,272			535,771
Finance lease ROU assets, net		53,800			57,120
Property and equipment, net	$	595,072		$	592,891

Depreciation expense was $12.7 million during the three months ended June 30, 2024 and $24.1 million during the six months ended June 30, 2024. Depreciation expense was $10.5 million during the three months ended June 30, 2023 and $20.9 million during the six months ended June 30, 2023.

Capitalized interest was zero during the three months ended June 30, 2024 and $0.7 million during the six months ended June 30, 2024. Capitalized interest was $0.5 million during the three months ended June 30, 2023 and $0.7 million during the six months ended June 30, 2023, which was primarily related to the development of Pursuit’s FlyOver Chicago attraction.