PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 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)	December 31, 2023		December 25, 2022
Kitchen equipment	$	89,814	$	71,304
Computers and other equipment	37,984		30,543
Furniture and fixtures	36,692		27,262
Leasehold improvements	262,191		212,825
Assets not yet placed in service	26,269		34,767
Total property and equipment	452,950		376,701
Less: accumulated depreciation	(186,048)		(141,444)
Property and equipment - net	$	266,902	$	235,257

Depreciation expense for the fiscal years ended December 31, 2023, December 25, 2022, and December 26, 2021 was $49.5 million, $38.8 million, and $29.2 million, respectively.

Loss on asset disposals for the fiscal years ended December 31, 2023, December 25, 2022, and December 26, 2021, was $0.7 million, $0.3 million, and $0.1 million, respectively.

As of December 31, 2023, the Company had seven facilities under construction due to open during 2024. Depreciation commences after a store opens and the related assets are placed in service. As of December 25, 2022, the Company had twenty 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.

Based on the Company’s review of its property and equipment for impairment, for the fiscal year ended December 31, 2023 the Company did not record a non-cash impairment charge. For the fiscal year ended December 25, 2022, the Company recorded non-cash impairment charges of $8.8 million, of which $2.0 million was recorded within impairment and closure costs and $6.8 million was recorded within restructuring charges within the consolidated statement of operations. For the fiscal year ended December 26, 2021, the Company recorded non-cash impairment charges of $4.4 million, respectively, within impairment and closure costs in the consolidated statement of operations.