Property and equipment (Tables)

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

The balance of property and equipment, net is as follows ($ in thousands):

	As of June 30,		As of December 31,
	2023		2022
Property and equipment, gross
Land, buildings and improvements	$	1,767,707	$	1,765,130
Fixtures and machinery (1)	89,430		88,333
Furniture and other fixed assets	219,009		213,005
Construction in progress	17,802		10,293
Total property and equipment, gross	2,093,948		2,076,761
Accumulated depreciation	(576,818)		(540,194)
Total property and equipment, net	$	1,517,130	$	1,536,567

________

(1) Includes the gross balance of our finance lease right-of-use assets, which was $6.3 million as of June 30, 2023 and December 31, 2022.

Schedule of Rental Income

The following table presents our rental income for the three and six months ended June 30, 2023 and 2022 ($ in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Leases	2023		2022		2023		2022
Operating lease income (1)	$	1,101	$	1,076	$	2,051	$	2,302

________

(1) Our operating lease income, which is recorded within non-package revenue in the Condensed Consolidated Statements of Operations, includes variable lease revenue which is typically calculated as a percentage of our tenant’s net sales.