Quarterly report [Sections 13 or 15(d)]

Property and Equipment, net

v3.26.1
Property and Equipment, net
3 Months Ended
Mar. 29, 2026
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 29,

December 28,

2026

2025

Furniture, fixtures and equipment

$

90,665

$

88,823

Leasehold improvements

 

271,456

 

266,224

Less: accumulated depreciation

 

(124,596)

 

(117,365)

Subtotal

 

237,525

 

237,682

Construction in progress

 

38,494

 

35,097

Restaurant smallwares

 

5,272

 

5,416

Total

$

281,291

$

278,195

Depreciation related to property and equipment was $10.2 million and $9.6 for the three periods ended March 29, 2026 and March 30, 2025, respectively. The Company depreciates construction in progress upon such assets being placed into service.