Property and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

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


	Useful Life		2024			2023
	(Years)		(In thousands)
Land		—	$	119,056		$	119,969
Buildings and improvements	2 to 50			2,327,392			2,314,018
Leasehold improvements	1 to 29			280,296			276,596
Equipment	3 to 10			245,591			239,825
Furniture, fixtures and computer software	1 to 7			86,064			75,370
Facility construction in progress		—		21,544			23,938
Total			$	3,079,943		$	3,049,716
Less accumulated depreciation and amortization				(1,180,253	)		(1,105,438	)
Property and equipment, net			$	1,899,690		$	1,944,278

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, 2024 and 2023.

Depreciation expense was $113.2 million, $111.0 million and $111.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.