Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.22.4
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

(4)

Property, Plant and Equipment

Property, plant and equipment is summarized as follows:

 

 

 

As of December 31,

 

(in thousands)

 

2022

 

 

2021

 

Land

 

$

122,433

 

 

$

111,212

 

Buildings and improvements

 

 

634,683

 

 

 

658,910

 

Furniture, fixtures and equipment

 

 

803,043

 

 

 

584,059

 

Leasehold improvements

 

 

612,610

 

 

 

497,646

 

Total property, plant and equipment

 

 

2,172,769

 

 

 

1,851,827

 

Less accumulated depreciation and amortization

 

 

827,399

 

 

 

722,918

 

Property, plant and equipment, net

 

$

1,345,370

 

 

$

1,128,909

 

 

Depreciation expense was $131.3 million, $122.2 million and $115.5 million for the years ended December 31, 2022, 2021 and 2020 as calculated using the straight-line method.