Property and Equipment, Net

12 Months Ended

Jan. 01, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

(3)Property and Equipment, Net

Property and equipment, net, consist of the following:

	January 1, 2023			January 2, 2022
	(In thousands)
Leasehold improvements	$	184,326		$	176,066
Furniture and equipment		146,392			142,638
Internal-use software		37,192			37,188
Land		2,750			2,750
Building		1,775			1,775
		372,435			360,417
Accumulated depreciation and amortization (1)		(315,596	)		(301,852	)
		56,839			58,565
Assets not placed into service		1,472			1,836
Property and equipment, net	$	58,311		$	60,401

(1)Includes accumulated amortization for internal-use software development costs of $34.4 million and $32.7 million as of January 1, 2023 and January 2, 2022, respectively.

Depreciation expense associated with property and equipment, including assets leased under finance leases, was $8.0 million, $7.6 million and $6.7 million for fiscal 2022, 2021 and 2020, respectively. Amortization expense for leasehold improvements was $8.0 million, $8.0 million and $8.9 million for fiscal 2022, 2021 and 2020, respectively. Amortization expense for internal-use software was $2.0 million, $2.1 million and $2.9 million for fiscal 2022, 2021 and 2020, respectively. The gross cost of equipment under finance leases, included above, was $19.1 million and $16.5 million as of January 1, 2023 and January 2, 2022, respectively. The accumulated depreciation related to these finance leases was $8.2 million and $6.1 million as of January 1, 2023 and January 2, 2022, respectively.