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Property and Equipment, Net
12 Months Ended
Dec. 31, 2021
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, 2021 and 2020, consisted of the following:

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Land

 

$

286,200

 

 

$

286,200

 

Land improvements

 

 

417,931

 

 

 

405,652

 

Buildings

 

 

753,209

 

 

 

737,231

 

Rides, attractions and equipment

 

 

1,665,122

 

 

 

1,547,786

 

Animals

 

 

142,017

 

 

 

142,307

 

Construction in progress

 

 

120,829

 

 

 

153,529

 

Less: accumulated depreciation

 

 

(1,740,144

)

 

 

(1,611,745

)

Total property and equipment, net

 

$

1,645,164

 

 

$

1,660,960

 

Depreciation expense was approximately $146.5 million, $148.0 million, and $156.2 million for the years ended December 31, 2021, 2020 and 2019, respectively.

For the years ended December 31, 2021, 2020 and 2019, the Company recorded approximately $6.6 million, $6.7 million and $2.7 million, respectively, in fixed asset write-offs, which is included in operating expenses in the accompanying consolidated statement of comprehensive income (loss).  

See Note 1–Description of the Business, Impact of Global COVID-19 Pandemic, for further details regarding proactive measures the Company has taken starting in March 2020 relating to its capital expenditures including delaying the opening of certain new rides.