XML 26 R12.htm IDEA: XBRL DOCUMENT v3.20.4
Property
12 Months Ended
Dec. 30, 2020
Property, Plant and Equipment [Abstract]  
Property Property
 
Property, net consisted of the following:
 
 December 30, 2020December 25, 2019
 (In thousands)
Land$36,815 $39,720 
Buildings and leasehold improvements160,842 172,881 
Other property and equipment35,080 32,470 
Total property232,737 245,071 
Less accumulated depreciation146,583 147,445 
Property, net$86,154 $97,626 
  
The following table reflects the property assets, included in the table above, and buildings with finance leases which were leased to franchisees:
 
 December 30, 2020December 25, 2019
 (In thousands)
Land$25,192 $27,205 
Buildings and leasehold improvements69,656 78,584 
Total property owned, leased to franchisees94,848 105,789 
Less accumulated depreciation59,038 65,476 
Property owned, leased to franchisees, net35,810 40,313 
Buildings held under finance leases, leased to franchisees8,062 8,445 
Less accumulated amortization4,137 3,768 
Property held under finance leases, leased to franchisees, net3,925 4,677 
Total property leased to franchisees, net$39,735 $44,990 
 
Depreciation expense, including amortization of property under finance leases, for 2020, 2019 and 2018 was $13.2 million, $16.3 million and $23.0 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 9.