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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

8. PROPERTY AND EQUIPMENT, NET

The components of property and equipment, net as of December 31, 2023 and 2022, consisted of the following:

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Land

 

$

286,200

 

 

$

286,200

 

Land improvements

 

 

475,909

 

 

 

452,276

 

Buildings

 

 

874,546

 

 

 

814,729

 

Rides, attractions and equipment

 

 

1,859,449

 

 

 

1,736,206

 

Animals

 

 

140,389

 

 

 

141,083

 

Construction in progress

 

 

178,306

 

 

 

145,598

 

Less: accumulated depreciation

 

 

(1,972,861

)

 

 

(1,869,413

)

Total property and equipment, net

 

$

1,841,938

 

 

$

1,706,679

 

Depreciation expense was approximately $151.7 million, $151.5 million, and $146.5 million for the years ended December 31, 2023, 2022 and 2021, respectively.

For the years ended December 31, 2023, 2022 and 2021, the Company recorded approximately $19.4 million, $7.2 million and $6.6 million, respectively, in fixed asset write-offs, which is included in operating expenses in the accompanying consolidated statements of operations.