Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 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

 

 

June 30, 2022

 

 

December 31, 2021

 

Land

$

93,717

 

 

$

81,911

 

Buildings and improvements

 

191,580

 

 

 

171,540

 

Finance leases

 

16,604

 

 

 

16,497

 

Leasehold improvements

 

100,138

 

 

 

92,821

 

Vehicles and equipment

 

199,878

 

 

 

188,053

 

Furniture, fixtures and equipment

 

79,369

 

 

 

73,213

 

Construction in progress

 

43,087

 

 

 

24,724

 

Property and equipment, gross

 

724,373

 

 

 

648,759

 

Less: accumulated depreciation

 

(200,717

)

 

 

(175,017

)

Less: accumulated depreciation - finance leases

 

(1,782

)

 

 

(1,294

)

Property and equipment, net

$

521,874

 

 

$

472,448

 

For the three months ended June 30, 2022 and 2021, depreciation expense was $13,198 and $10,237, respectively. For the six months ended June 30, 2022 and 2021, depreciation expense was $26,132 and $20,208, respectively.

For the three months ended June 30, 2022 and 2021, amortization expense on finance leases was $246 and $243, respectively. For the six months ended June 30, 2022 and 2021, amortization expense on finance leases was $489 and $485, respectively.