Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.22.4
Property and Equipment, net
12 Months Ended
Dec. 31, 2022
Property and Equipment, net  
Property and Equipment, net

Note 3 – Property and Equipment, net

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

December 31, 

December 31, 

2022

2021

Furniture, fixtures and equipment

$

33,372

$

24,942

Leasehold improvements

 

89,121

 

76,500

Less: accumulated depreciation and amortization

 

(47,528)

 

(39,425)

Subtotal

 

74,965

 

62,017

Construction in progress

 

16,276

 

5,374

Restaurant smallwares

 

2,846

 

2,247

Total

$

94,087

$

69,638

Depreciation and amortization related to property and equipment amounted to $11.7 million and $9.9 million for the years ended December 31, 2022 and 2021, respectively. The Company does not depreciate construction in progress until such assets are placed into service.