Land, Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Land, Property and Equipment, Net

Land, Property, and Equipment, Net

Land, property, and equipment, net consisted of (in thousands):

	Useful Life (Years)	December 31, 2023		December 31, 2022
Land*	N/A	$	—	$	32,288
Buildings*	5 - 39	—		58,451
Computer software	3 - 5	4,923		4,731
Furniture and equipment	3 - 7	18,854		17,161
Construction in progress*	N/A	340		12,801
Leasehold improvements	3 - 39	5,930		7,151
		30,047		132,583
Less accumulated depreciation and amortization		(22,876)		(24,047)
Land, property, and equipment, net		$	7,171	$	108,536

*Certain land, property, and equipment, net that were deemed Excluded Assets that are solely for the benefit of APC and its common shareholders were spun-off as part of the Spin-Off. Refer to Note 1 — “Description of Business” to the consolidated financial statements for information on the Spin-Off.

As of December 31, 2023 and 2022, the Company had finance leases totaling $1.7 million and $1.8 million, respectively, included in land, property, and equipment, net in the accompanying consolidated balance sheets.

Depreciation expense was $5.1 million, $3.7 million and $2.1 million for the years ended December 31, 2023, 2022 and 2021, respectively, which is included in depreciation and amortization in the accompanying consolidated statements of income.