Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment, net

v3.25.0.1
Property and Equipment, net
12 Months Ended
Dec. 31, 2024
Property and Equipment, net  
Property and Equipment, net

Note 4 – Property and Equipment, net

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

​

​

​

​

​

​

​

​

​

December 31, 

​

December 31, 

​

​

2024

​

2023

Furniture, fixtures and equipment

​

$

80,362

​

$

49,753

Leasehold improvements

​

 

247,575

​

 

130,136

Less: accumulated depreciation

​

 

(88,638)

​

 

(60,128)

Subtotal

​

 

239,299

​

 

119,761

Construction in progress

​

 

31,982

​

 

17,044

Restaurant smallwares

​

 

4,839

​

 

3,103

Total

​

$

276,120

​

$

139,908

​

Depreciation related to property and equipment amounted to $33.5 million and $15.1 million for the years ended December 31, 2024 and 2023, respectively. The Company depreciates construction in progress upon such assets being placed into service.