Property and Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 29, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property and Equipment, Net |
Note 3 – Property and Equipment, Net Property and equipment, net consist of the following (in thousands):
Depreciation related to property and equipment was $10.5 million and $7.7 million for the three periods ended June 29, 2025 and the three months ended June 30, 2024, respectively, and $20.1 million and $13.0 million for the six periods ended June 29, 2025 and the six months ended June 30, 2024, respectively, presented within depreciation and amortization expense in the condensed consolidated statement of operations. The Company also recorded $3.4 million in accelerated depreciation relating to property and equipment for the restaurants closed during the quarter presented in lease termination and exit expenses within the condensed consolidated statement of operations for the three and six periods ended June 29, 2025. The Company depreciates construction in progress upon such assets being placed into service. |
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- References No definition available.
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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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