Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.24.1.u1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2024
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, 2024

 

 

December 31, 2023

 

Land

$

127,185

 

 

$

121,960

 

Buildings and improvements

 

290,506

 

 

 

263,468

 

Finance leases

 

16,604

 

 

 

16,604

 

Leasehold improvements

 

137,481

 

 

 

135,861

 

Vehicles and equipment

 

299,574

 

 

 

285,127

 

Furniture, fixtures and equipment

 

102,260

 

 

 

100,457

 

Construction in progress

 

88,075

 

 

 

75,639

 

Property and equipment, gross

 

1,061,685

 

 

 

999,116

 

Less: accumulated depreciation

 

(284,915

)

 

 

(270,706

)

Less: accumulated amortization - finance leases

 

(3,540

)

 

 

(3,289

)

Property and equipment, net

$

773,230

 

 

$

725,121

 

For the three months ended March 31, 2024 and 2023, depreciation expense was $17,700 and $15,379, respectively.

For the three months ended March 31, 2024 and 2023, amortization expense on finance leases was $251 and $251, respectively.