Property and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Note 7. Property and Equipment

Property and equipment consisted of the following:


	June 30,			December 31,
(in thousands)	2022			2021
Land and land interests	$	31,316		$	30,532
Buildings and leasehold improvements		408,114			407,930
Equipment and other		436,076			413,684
Gross property and equipment		875,506			852,146
Accumulated depreciation		(378,428	)		(364,060	)
Property and equipment, net (excluding finance leases)		497,078			488,086
Finance lease ROU assets, net		62,101			61,022
Property and equipment, net	$	559,179		$	549,108

Depreciation expense was $10.8 million for the three months ended June 30, 2022 and $21.8 million for the six months ended June 30, 2022. Depreciation expense was $10.7 million for the three months ended June 30, 2021 and $21.6 million for the six months ended June 30, 2021.

Property and equipment purchased through accounts payable and accrued liabilities decreased $0.4 million during the six months ended June 30, 2022 and increased $4.2 million during the six months ended June 30, 2021. Capitalized interest was $0.7 million for the three months ended June 30, 2022 and $2.6 million for the six months ended June 30, 2022, which was primarily related to the development of Pursuit’s FlyOver attractions.