Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.21.2
Property and Equipment, net
9 Months Ended
Sep. 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):

September 30, 

December 31, 

2021

2020

Furniture, fixtures and equipment

$

23,464

$

22,328

Leasehold improvements

 

75,901

 

71,654

Less: accumulated depreciation

 

(37,460)

 

(30,948)

Subtotal

 

61,905

 

63,034

Construction in progress

 

4,372

 

2,294

Restaurant smallwares

 

2,253

 

2,016

Total

$

68,530

$

67,344

Depreciation related to property and equipment was $2.3 million and $2.5 million for the three months ended September 30, 2021 and 2020, respectively, and $7.1 million and $6.9 million for the nine months ended September 30, 2021 and 2020, respectively. The Company does not depreciate construction in progress, assets not yet put into service or restaurant smallwares.