Significant Accounting Policies (Tables)

12 Months Ended

Dec. 30, 2023

Estimated useful lives of property, plant and equipment

Property and Equipment

Property and equipment are initially recorded at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets. Improvements to leased premises are amortized using the straight-line method over the remaining term of the lease or the useful life of the improvement, whichever is less. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives which are generally applied (in thousands, except estimated useful lives):


	Estimated Useful Lives	December 30, 2023		December 31, 2022
Land		$	93,319	$	100,129
Buildings and improvements	1 – 35 years	2,090,794		1,753,601
Furniture, fixtures and equipment	5 – 10 years	1,349,162		1,086,013
Computer software and hardware	2 – 7 years	859,724		766,031
Construction in progress		335,713		394,143
Property and equipment, gross		4,728,712		4,099,917
Accumulated depreciation and amortization		(2,291,528)		(2,016,301)
Property and equipment, net		$	2,437,184	$	2,083,616