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PROPERTY AND EQUIPMENT | 9 Months Ended
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Sep. 29, 2024
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 29, 2024 |  | As of December 31, 2023 |  |  |
Kitchen equipment | $ | 100,256 |  | $ | 89,814 |  |  |
Computers and other equipment | 42,183 |  | 37,984 |  |  |
Furniture and fixtures | 40,757 |  | 36,692 |  |  |
Leasehold improvements | 286,130 |  | 262,191 |  |  |
Assets not yet placed in service | 42,466 |  | 26,269 |  |  |
Total property and equipment | 511,792 |  | 452,950 |  |  |
Less: accumulated depreciation | (226,513) |  | (186,048) |  |  |
Property and equipment, net | $ | 285,279 |  | $ | 266,902 |  |  |
Depreciation expense for the thirteen weeks ended September 29, 2024 and September 24, 2023 was $14.1 million and $12.9 million, respectively. Depreciation expense for the thirty-nine weeks ended September 29, 2024 and September 24, 2023 was $41.8 million and $36.1 million, respectively. As of September 29, 2024, the Company had 13 facilities under construction due to open during fiscal years 2024 and 2025. As of December 31, 2023, the Company had 7 facilities under construction, all of which were opened in fiscal year 2024. Depreciation commences after a store opens and the related assets are placed in service. Total research and development cost for the thirteen weeks ended September 29, 2024 and September 24, 2023 was $0.3 million and $0.4 million, respectively. Total research and development cost for both the thirty-nine weeks ended September 29, 2024 and September 24, 2023 was $0.9 million. Research and development cost is recorded within general and administrative cost in the Company’s accompanying condensed consolidated statement of operations

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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