Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.23.1
Property and Equipment, net
3 Months Ended
Mar. 31, 2023
Property and Equipment, net  
Property and Equipment, net

Note 2 – Property and Equipment, net

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

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

​

​

2023

​

2022

Furniture, fixtures and equipment

​

$

35,862

​

$

33,372

Leasehold improvements

​

 

92,691

​

 

89,121

Less: accumulated depreciation

​

 

(50,309)

​

 

(47,528)

Subtotal

​

 

78,244

​

 

74,965

Construction in progress

​

 

20,344

​

 

16,276

Restaurant smallwares

​

 

2,876

​

 

2,846

Total

​

$

101,464

​

$

94,087

​

Depreciation related to property and equipment was $3.6 million and $2.5 for the three months ended March 31, 2023 and 2022, respectively. The Company does not depreciate construction in progress until such assets are placed into service.