v3.25.3
Property and Equipment
9 Months Ended
Sep. 30, 2025
Property and Equipment  
Property and Equipment

(3) Property and Equipment

Property and equipment consisted of the following:

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September 30, 2025

    

December 31, 2024

 

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Owned 

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Owned 

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assets 

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assets 

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Owned 

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available to

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Owned 

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available to

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assets

    

be leased

    

Total

    

assets

    

be leased

    

Total

 

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amounts in thousands

 

Land

 

$

19,333

​

47,500

 

66,833

 

18,583

​

22,891

 

41,474

​

Buildings and improvements

 

 

281,563

​

528,366

 

809,929

 

281,420

​

481,276

 

762,696

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Leasehold improvements

 

 

102,945

​

68,148

 

171,093

 

85,293

​

67,863

 

153,156

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Furniture and equipment

 

 

197,650

​

16,360

 

214,010

 

183,971

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9,850

 

193,821

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Construction in progress

 

 

255

​

7,433

 

7,688

 

6,865

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3,791

 

10,656

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Property and equipment, at cost

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$

601,746

 

667,807

 

1,269,553

 

576,132

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585,671

 

1,161,803

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Depreciation expense was $13.2 million and $10.0 million for the three months ended September 30, 2025 and 2024, respectively, and $37.7 million and $33.6 million for the nine months ended September 30, 2025 and 2024, respectively.