XML 19 R10.htm IDEA: XBRL DOCUMENT v3.23.3
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 24, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
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 September 24,
2023
As of December 25,
2022
Kitchen equipment
$87,463$71,304
Computers and other equipment
36,00830,543
Furniture and fixtures
35,15327,262
Leasehold improvements
258,960212,825
Assets not yet placed in service
20,55434,767
Total property and equipment
438,138376,701
Less: accumulated depreciation
(173,868)(141,444)
Property and equipment, net
$264,270$235,257
Depreciation expense for the thirteen weeks ended September 24, 2023 and September 25, 2022 was $12.9 million and $9.9 million, respectively.
Depreciation expense for the thirty-nine weeks ended September 24, 2023 and September 25, 2022 was $36.1 million and $28.1 million, respectively.
As of September 24, 2023, the Company had seven facilities under construction, with one due to open during the fiscal fourth quarter of 2023 and six due to open during fiscal year 2024. As of December 25, 2022, the Company had 20 facilities under construction, all of which were opened 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 $0.4 million for both the thirteen weeks ended September 24, 2023 and September 25, 2022. Total research and development cost excluding any related cost associated with Spyce acquisition was $0.9 million and $1.4 million for the thirty-nine weeks ended September 24, 2023 and September 25, 2022, respectively. Research and development cost is recorded within general and administrative cost in the Company’s accompanying condensed consolidated statement of operations