Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.20.2
Property and Equipment, net
 6 Months Ended
Jun. 30, 2020
Property and Equipment, net  
Property and Equipment, net

Note 2 – Property and Equipment, net

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

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

 

2020

 

2019

Furniture, fixtures and equipment

 

$

20,957

 

$

20,512

Leasehold improvements

 

 

70,742

 

 

69,925

Less: accumulated depreciation

 

 

(26,511)

 

 

(21,997)

Subtotal

 

 

65,188

 

 

68,440

Construction in progress

 

 

739

 

 

97

Restaurant smallwares

 

 

1,946

 

 

1,946

Total

 

$

67,873

 

$

70,483

 

Depreciation related to property and equipment amounted to $2.3 million and $1.0 million for the three months ended June 30, 2020 and 2019, respectively, and $4.5 million and $1.9 million for the six months ended June 30, 2020 and 2019, respectively. The Company does not depreciate construction in progress, assets not yet put into service or restaurant smallwares.