Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following at fiscal year-end:


	Useful Life		2022			2021
	(Years)		(In thousands)
Land		—	$	120,970		$	120,837
Buildings and improvements	2 to 50			2,291,710			2,277,575
Leasehold improvements	1 to 29			273,233			278,299
Equipment	3 to 10			239,188			220,965
Furniture, fixtures and computer software	1 to 7			72,154			68,474
Facility construction in progress		—		26,606			20,758
Total			$	3,023,861		$	2,986,908
Less accumulated depreciation and amortization				(1,021,840	)		(949,063	)
Property and equipment, net			$	2,002,021		$	2,037,845

The Company amortizes its leasehold improvements over the shorter of their estimated useful lives or the terms of the leases including renewal periods that are reasonably assured. The Company’s construction in progress primarily consists of new construction and renovations to facilities that are owned by the Company. There was no Interest capitalized in property and equipment for the years ended December 31, 2022 and 2021.

Depreciation expense was $111.6 million, $109.6 million and $112.4 million for the years ended December 31, 2022, 2021 and 2020, respectively.

At December 31, 2022 and 2021, the Company had $20.5 million of assets recorded under finance leases related to land, buildings and improvements. Finance leases are recorded net of accumulated amortization of $18.7 million and $17.1 million, at December 31, 2022 and 2021, respectively. Depreciation expense related to assets recorded under finance leases for each of the years ended December 31, 2022, 2021 and 2020 was $1.5 million, $1.7 million and $1.2 million, respectively and are included in Depreciation and Amortization in the accompanying consolidated statements of operations.