Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.4
Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following:
Depreciable December 31,
Lives 2022 2021
Land
 $ 360,327  $ 373,519 
Buildings and related fixtures
3-44 years
 1,894,007  1,988,156 
Leasehold improvements
1-27 years
 635,540  397,242 
Construction in progress
 410,985  402,803 
Equipment and other
1-15 years
 904,933  807,842 
Property and equipment, gross
 4,205,792  3,969,562 
Less accumulated depreciation
 (1,304,550) (1,178,098)
Property and equipment, net
 $ 2,901,242  $ 2,791,464 
Included in the construction in progress balances are site development costs which consist of legal, engineering, architectural, environmental, feasibility, other direct expenditures incurred for certain new projects and capitalized interest.
Equipment and other includes exercise equipment, capitalized software, computers, audio visual equipment, furniture and fixtures, decor and signage, as well as café, spa, playground and laundry equipment.
Depreciation expense, which is included in Depreciation and amortization in our consolidated statements of operations, for the years ended December 31, 2022, 2021 and 2020 was $226.0 million, $232.4 million and $241.6 million, respectively.