v3.26.1
Property and Equipment
3 Months Ended
Mar. 31, 2026
Property and Equipment  
Property and Equipment

(3) Property and Equipment

Property and equipment consisted of the following:

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March 31, 2026

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December 31, 2025

 

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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

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be leased

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Total

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assets

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be leased

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Total

 

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amounts in thousands

 

Land

 

$

19,333

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47,500

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66,833

 

19,333

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47,500

 

66,833

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Buildings and improvements

 

 

281,657

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531,565

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813,222

 

281,657

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531,521

 

813,178

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Leasehold improvements

 

 

110,616

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70,629

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181,245

 

102,281

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70,405

 

172,686

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Furniture and equipment

 

 

194,955

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18,775

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213,730

 

190,249

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17,985

 

208,234

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Construction in progress

 

 

1,169

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4,454

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5,623

 

1,493

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3,606

 

5,099

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Property and equipment, at cost

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$

607,730

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672,923

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1,280,653

 

595,013

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671,017

 

1,266,030

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Depreciation expense was $13.4 million and $11.6 million for the three months ended March 31, 2026 and 2025, respectively.