v3.26.1
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 28, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT, NET
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 June 28,
2026
As of December 28,
2025
Leasehold improvements
$359,820$347,023
Kitchen equipment
142,569136,136
Furniture and fixtures
52,28150,072
Computers and other equipment
51,53249,541
Assets not yet placed in service
24,98236,691
Total property and equipment
631,184619,463
Less: accumulated depreciation
(319,966)(292,560)
Property and equipment, net
$311,218$326,903
Depreciation expense for the thirteen weeks ended June 28, 2026 and June 29, 2025 was $17.0 million and $15.3 million, respectively. Depreciation expense for the twenty-six weeks ended June 28, 2026 and June 29, 2025 was $33.9 million and $29.7 million, respectively.
As of June 28, 2026, the Company had five facilities under construction expected to open during fiscal year 2026. As of December 28, 2025, the Company had 11 facilities under construction, all of which have since opened in fiscal year 2026. Depreciation commences after a store opens and the related assets are placed in service.