Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.20.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 3 – Property and Equipment, net

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

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

2020

 

2019

Furniture, fixtures and equipment

 

$

20,907

 

$

20,512

Leasehold improvements

 

 

70,110

 

 

69,925

Less: accumulated depreciation and amortization

 

 

(24,218)

 

 

(21,997)

Subtotal

 

 

66,799

 

 

68,440

Construction in progress

 

 

438

 

 

97

Restaurant smallwares

 

 

1,946

 

 

1,946

Total

 

$

69,183

 

$

70,483

 

Depreciation and amortization related to property and equipment amounted to $2.2 million and $0.9 million for the three months ended March 31, 2020 and 2019, respectively. The Company does not depreciate construction in progress, assets not yet put into service or restaurant supplies.