PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

PROPERTY AND EQUIPMENT

Property and Equipment

5. PROPERTY AND EQUIPMENT:

Property and equipment at March 31, 2024 and December 31, 2023 is recorded at cost, with the exception of right-of-use finance lease assets and the initial value assigned to assets acquired in an acquisition, and summarized as follows (in thousands):

	March 31,		December 31,
	2024		2023
Land and land improvements	$	607,120	$	605,500
Buildings		4,406,834		4,396,302
Furniture, fixtures and equipment		1,189,995		1,138,769
Right-of-use finance lease assets		1,097		1,793
Construction-in-progress		147,548		122,923
		6,352,594		6,265,287
Accumulated depreciation and amortization		(2,364,422)		(2,309,701)
Property and equipment, net	$	3,988,172	$	3,955,586