Property and Equipment

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment

5. Property and Equipment

Property and equipment consist of the following at fiscal year-end:

	Useful Life		2021			2020
	(Years)		(In thousands)
Land		—	$	120,837		$	128,498
Buildings and improvements	2 to 50			2,277,575			2,264,910
Leasehold improvements	1 to 29			278,299			283,561
Equipment	3 to 10			220,965			225,509
Furniture, fixtures and computer software	1 to 7			68,474			66,375
Facility construction in progress		—		20,758			42,863
Total			$	2,986,908		$	3,011,716
Less accumulated depreciation and amortization				(949,063	)		(889,521	)
Property and equipment, net			$	2,037,845		$	2,122,195

The Company amortizes its leasehold improvements over the shorter of their estimated useful lives or the terms of the leases including renewal periods that are reasonably assured. The Company’s construction in progress primarily consists of new construction and renovations to facilities that are owned by the Company. Interest capitalized in property and equipment for the years ended December 31, 2021 and 2020 was not significant.

Depreciation expense was $109.6 million, $112.4 million and $107.9 million for the years ended December 31, 2021, 2020 and 2019, respectively.

At December 31, 2021 and 2020, the Company had $20.5 million and $19.4 million, respectively, of assets recorded under finance leases related to land, buildings and improvements. Finance leases are recorded net of accumulated amortization of $17.1 million and $15.4 million, at December 31, 2021 and 2020, respectively. Depreciation expense related to assets recorded under finance leases for each of the years ended December 31, 2021, 2020 and 2019 was $1.7 million, $1.2 million and $1.0 million, respectively and are included in Depreciation and Amortization in the accompanying consolidated statements of operations.