Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.22.2
Property and Equipment, net
6 Months Ended
Jun. 30, 2022
Property and Equipment, net  
Property and Equipment, net

Note 2 – Property and Equipment, net

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

June 30, 

December 31, 

2022

2021

Furniture, fixtures and equipment

$

26,569

$

24,942

Leasehold improvements

 

78,108

 

76,500

Less: accumulated depreciation

 

(43,229)

 

(39,425)

Subtotal

 

61,448

 

62,017

Construction in progress

 

13,453

 

5,374

Restaurant smallwares

 

2,312

 

2,247

Total

$

77,213

$

69,638

Depreciation related to property and equipment was $2.9 million and $2.3 million for the three months ended June 30, 2022 and 2021, respectively, and $5.4 million and $4.8 million for the six months ended June 30, 2022 and 2021, respectively. The Company does not depreciate construction in progress until such assets are placed into service.