Property

12 Months Ended

Dec. 25, 2019

Property, Plant and Equipment [Abstract]

Property, net consisted of the following:



	December 25, 2019		December 26, 2018
	(In thousands)
Land	$	39,720	$	33,566
Buildings and leasehold improvements	172,881		241,990
Other property and equipment	32,470		68,315
Total property owned	245,071		343,871
Less accumulated depreciation	147,445		226,620
Property owned, net	$	97,626	$	117,251

The following table reflects the property assets, included in the table above, and buildings with finance leases which were leased to franchisees:



	December 25, 2019		December 26, 2018
	(In thousands)
Land	$	27,205	$	16,730
Buildings and leasehold improvements	78,584		53,790
Total property owned, leased to franchisees	105,789		70,520
Less accumulated depreciation	65,476		46,354
Property owned, leased to franchisees, net	40,313		24,166
Buildings held under finance leases, leased to franchisees	8,445		5,776
Less accumulated amortization	3,768		2,746
Property held under finance leases, leased to franchisees, net	4,677		3,030
Total property leased to franchisees, net	$	44,990	$	27,196

Depreciation expense, including amortization of property under finance leases, for 2019, 2018 and 2017 was $16.3 million, $23.0 million and $21.2 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 11.