Property and Equipment, net
|6 Months Ended|
Jun. 30, 2021
|Property and Equipment, net|
|Property and Equipment, net||
Note 2 – Property and Equipment, net
Property and equipment, net consist of the following (in thousands):
Depreciation related to property and equipment was $2.3 million for each of the three months ended June 30, 2021 and 2020, and $4.8 million and $4.5 million for the six months ended June 30, 2021 and 2020, respectively. At June 30, 2021, Construction in progress included $3.6 million for STK Bellevue, which opened in July 2021, and other projects that will be completed in the near future. The Company does not depreciate construction in progress, assets not yet put into service or restaurant smallwares.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef