Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.19.3
Property and Equipment, net
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 4 – Property and Equipment, net

Property and equipment, net consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

2019

 

2018

Furniture, fixtures and equipment

 

$

12,106

 

$

10,425

Leasehold improvements

 

 

45,820

 

 

43,890

Less: accumulated depreciation and amortization

 

 

(19,861)

 

 

(16,969)

Subtotal

 

 

38,065

 

 

37,346

Construction in progress

 

 

 —

 

 

336

Restaurant smallwares

 

 

1,931

 

 

1,665

Total

 

$

39,996

 

$

39,347

 

Depreciation and amortization related to property and equipment amounted to $1.1 million and $0.9 million for the three months ended September 30, 2019 and 2018, respectively, and $3.0 million and $2.6 million for the nine months ended September 30, 2019 and 2018, respectively. The Company does not depreciate construction in progress, assets not yet put into service or restaurant supplies.