Property and Equipment, net
|12 Months Ended|
Dec. 31, 2021
|Property and Equipment, net|
|Property and Equipment, net||
Note 3 – Property and Equipment, net
Property and equipment, net consist of the following (in thousands):
Depreciation and amortization related to property and equipment amounted to $9.9 million and $9.2 million for the years ended December 31, 2021 and 2020, respectively. The Company does not depreciate construction in progress until such assets are placed into service.
For the years ended December 31, 2021 and 2020, the Company did not identify any event or changes in circumstances that indicated that the carrying values of its restaurant assets were impaired.
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