Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

3. Property and Equipment, Net

Property and equipment, net consisted of the following for the periods presented:

 

 

As of

 

 

March 31, 2022

 

 

December 31, 2021

 

Land

$

87,072

 

 

$

81,911

 

Buildings and improvements

 

177,301

 

 

 

171,540

 

Finance leases

 

16,497

 

 

 

16,497

 

Leasehold improvements

 

96,704

 

 

 

92,821

 

Vehicles and equipment

 

191,464

 

 

 

188,053

 

Furniture, fixtures and equipment

 

76,848

 

 

 

73,213

 

Construction in progress

 

31,407

 

 

 

24,724

 

Property and equipment, gross

 

677,293

 

 

 

648,759

 

Less: accumulated depreciation

 

(187,860

)

 

 

(175,017

)

Less: accumulated depreciation - finance leases

 

(1,536

)

 

 

(1,294

)

Property and equipment, net

$

487,897

 

 

$

472,448

 

For the three months ended March 31, 2022 and 2021, depreciation expense was $12,934 and $9,971, respectively.

For the three months ended March 31, 2022 and 2021, amortization expense on finance leases was $242 and $242, respectively.