Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.20.2
Property and Equipment, net
 9 Months Ended
Sep. 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):

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

2020

 

2019

Furniture, fixtures and equipment

 

$

21,573

 

$

20,512

Leasehold improvements

 

 

71,269

 

 

69,925

Less: accumulated depreciation

 

 

(28,742)

 

 

(21,997)

Subtotal

 

 

64,100

 

 

68,440

Construction in progress

 

 

595

 

 

97

Restaurant smallwares

 

 

1,946

 

 

1,946

Total

 

$

66,641

 

$

70,483

 

Depreciation related to property and equipment was $2.5 million and $1.1 million for the three months ended September 30, 2020 and 2019, respectively, and $6.9 million and $3.0 million for the nine months ended September 30, 2020 and 2019, respectively. The Company does not depreciate construction in progress, assets not yet put into service or restaurant smallwares.