PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and equipment

NOTE 4 – PROPERTY AND EQUIPMENT

The following table identifies the types and balances of property and equipment included in “Property and equipment, at cost” on the accompanying Consolidated Balance Sheets as of December 31, 2021 and 2020, and includes the estimated useful lives for its types of property and equipment (in thousands, except original useful lives):

	Original Useful
	Lives	December 31, 2021		December 31, 2020
Land		$	888,558	$	860,797
Buildings and building improvements	15 – 39 years		2,737,212		2,574,969
Leasehold improvements	3 – 25 years		864,169		799,013
Furniture, fixtures and equipment	3 – 20 years		1,700,149		1,562,664
Vehicles	5 – 10 years		502,643		456,957
Construction in progress			255,307		305,511
Total property and equipment			6,948,038		6,559,911
Less: accumulated depreciation and amortization			2,734,523		2,464,993
Net property and equipment		$	4,213,515	$	4,094,918

The Company recorded depreciation and amortization expense related to property and equipment in the amounts of $320.4 million, $303.0 million and $267.3 million for the years ended December 31, 2021, 2020 and 2019, respectively, which were primarily included in “Selling, general and administrative expenses” on the accompanying Consolidated Statements of Income.

The Company recorded charges of $12.6 million and $1.9 million related to property and equipment for the year ended December 31, 2021 and 2019, respectively, primarily due to certain hardware and software projects that disposed or were no longer expected to provide a long-term benefit, and $3.4 million related to property and equipment for the year ended December 31, 2020, primarily due to the write-down on surplus land and buildings that exceeded market value, which were included in “Selling, general and administrative expenses” on the accompanying Consolidated Statements of Income.