XML 20 R10.htm IDEA: XBRL DOCUMENT v3.24.3
PROPERTY AND EQUIPMENT
 9 Months Ended
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
42,18337,984
Furniture and fixtures
40,75736,692
Leasehold improvements
286,130262,191
Assets not yet placed in service
42,46626,269
Total property and equipment
511,792452,950
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