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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 30, 2025
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 March 30,
2025
As of December 29,
2024
Leasehold improvements
$307,765$303,035
Kitchen equipment
115,231107,475
Computers and other equipment
45,73644,295
Furniture and fixtures
44,00643,045
Assets not yet placed in service
39,87438,047
Total property and equipment
552,612535,897
Less: accumulated depreciation
(254,378)(239,412)
Property and equipment, net
$298,234$296,485
Depreciation expense for the thirteen weeks ended March 30, 2025 and March 31, 2024 was $14.4 million and $13.7 million, respectively.
As of March 30, 2025, the Company had 9 facilities under construction due to open during fiscal year 2025. As of December 29, 2024, the Company had 9 facilities under construction, 5 of which opened in fiscal year 2025 to date, and the remaining 4 due to open during fiscal year 2025. Depreciation commences after a store opens and the related assets are placed in service.