Property and equipment consisted of the following (in thousands):
September 30,
20252024
Land$95,260 $95,539 
Buildings and improvements230,756 224,439 
Equipment53,728 51,075 
Furniture16,867 15,285 
Total property and equipment396,611 386,338 
Less accumulated depreciation and impairment(117,584)(106,263)
Property and equipment, net$279,027 $280,075 

Historical Timeline

Fiscal YearFiled
2025Mar 19, 2026Showing above
2024Dec 16, 2024
2023Dec 14, 2023
2022Dec 14, 2022
2021Dec 14, 2021
2020Dec 14, 2020
2019Feb 13, 2020
2018Dec 31, 2018
2017Feb 14, 2018
2016Dec 13, 2016
2015Dec 14, 2015

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.