Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.24.0.1
Property and Equipment, net
12 Months Ended
Dec. 31, 2023
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, 

2023

2022

Furniture, fixtures and equipment

$

49,753

$

33,372

Leasehold improvements

 

130,136

 

89,121

Less: accumulated depreciation and amortization

 

(60,128)

 

(47,528)

Subtotal

 

119,761

 

74,965

Construction in progress

 

17,044

 

16,276

Restaurant smallwares

 

3,103

 

2,846

Total

$

139,908

$

94,087

Depreciation and amortization related to property and equipment amounted to $15.1 million and $11.7 million for the years ended December 31, 2023 and 2022, respectively. The Company depreciates construction in progress upon such assets being placed into service.