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Property and Equipment, Net
9 Months Ended
Sep. 30, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Note 3 – Property and Equipment, Net

Property and equipment, net, consisted of the following:

 

(In thousands)

 

September 30, 2019

 

 

December 31, 2018

 

Land

 

$

125,240

 

 

$

121,081

 

Building and site improvements

 

 

863,827

 

 

 

723,354

 

Furniture and equipment

 

 

203,062

 

 

 

154,663

 

Construction in process

 

 

54,876

 

 

 

35,151

 

Property and equipment

 

 

1,247,005

 

 

 

1,034,249

 

Less: Accumulated depreciation

 

 

(208,313

)

 

 

(139,296

)

Property and equipment, net

 

$

1,038,692

 

 

$

894,953

 

 

Depreciation expense for property and equipment, including finance leases, was $23.9 million and $18.8 million for the three months ended September 30, 2019 and 2018, respectively, and $69.8 million and $58.2 million for the nine months ended September 30, 2019 and 2018, respectively.