PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 29, 2024

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 29, 2024		December 31, 2023
Leasehold improvements	$	303,035	$	262,191
Kitchen equipment	107,475		89,814
Computers and other equipment	44,295		37,984
Furniture and fixtures	43,045		36,692
Assets not yet placed in service	38,047		26,269
Total property and equipment	535,897		452,950
Less: accumulated depreciation	(239,412)		(186,048)
Property and equipment - net	$	296,485	$	266,902

Depreciation expense for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022 was $56.4 million, $49.5 million, and $38.8 million, respectively.

Loss on asset disposals for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022, was $0.3 million, $0.7 million, and $0.3 million, respectively.

As of December 29, 2024, the Company had nine facilities under construction due to open during 2025. Depreciation commences after a store opens and the related assets are placed in service. December 31, 2023, the Company had seven facilities under construction, all of which were opened during fiscal year 2024. Depreciation commences after a store opens and the related assets are placed in service.

For the fiscal year ended December 29, 2024, the Company recorded non-cash impairment charges of $1.3 million within impairment and closure costs, within the consolidated statement of operations. The Company did not record any non-cash impairment charges for the fiscal year ended December 31, 2023. 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.