Quarterly report [Sections 13 or 15(d)]

Property and Equipment, net

v3.25.1
Property and Equipment, net
3 Months Ended
Mar. 30, 2025
Property and Equipment, net  
Property and Equipment, net

Note 3 – Property and Equipment, net

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

March 30,

December 31,

2025

2024

Furniture, fixtures and equipment

$

79,804

$

80,362

Leasehold improvements

 

251,194

 

247,575

Less: accumulated depreciation

 

(97,882)

 

(88,638)

Subtotal

 

233,116

 

239,299

Construction in progress

 

44,241

 

31,982

Restaurant smallwares

 

5,014

 

4,839

Total

$

282,371

$

276,120

Depreciation related to property and equipment was $9.6 million and $5.3 for the three periods ended March 30, 2025 and the three months ended March 31, 2024, respectively. The Company depreciates construction in progress upon such assets being placed into service.