PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 26, 2023

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or estimated useful life. A summary of property and equipment is as follows:


(dollar amounts in thousands)	As of March 26, 2023		As of December 25, 2022
Furniture and fixtures	$	29,915	$	27,262
Computers and other equipment	31,884		30,543
Kitchen equipment	75,600		71,304
Leasehold improvements	226,936		212,825
Assets not yet placed in service	32,349		34,767
Total property and equipment	396,684		376,701
Less: accumulated depreciation	(149,755)		(141,444)
Property and equipment, net	$	246,929	$	235,257

Depreciation expense for the thirteen weeks ended March 26, 2023 and March 27, 2022 was $11.1 million and $8.8 million, respectively.

As of March 26, 2023, the Company had 19 facilities under construction due to open during fiscal year 2023. As of December 25, 2022, the Company had 20 facilities under construction, all of which were due to open during fiscal year 2023. Depreciation commences after a store opens and the related assets are placed in service.

Total research and development cost excluding any related cost associated with Spyce acquisition was $0.3 million and $0.2 million for the thirteen weeks ended March 26, 2023 and March 27, 2022, respectively. Research and development cost are recorded within general and administrative cost in the Company’s accompanying condensed consolidated statement of operations.