Property and Equipment, net

9 Months Ended

Sep. 30, 2022

Property and Equipment, net

Property and Equipment, net

Note 2 – Property and Equipment, net

Property and equipment, net consist of the following (in thousands):

	September 30,		December 31,
	2022		2021
Furniture, fixtures and equipment	$	28,580	$	24,942
Leasehold improvements		81,489		76,500
Less: accumulated depreciation		(45,244)		(39,425)
Subtotal		64,825		62,017
Construction in progress		18,074		5,374
Restaurant smallwares		2,567		2,247
Total	$	85,466	$	69,638

Depreciation related to property and equipment was $2.9 million and $2.3 million for the three months ended September 30, 2022 and 2021, respectively, and $8.3 million and $7.1 million for the nine months ended September 30, 2022 and 2021, respectively. The Company does not depreciate construction in progress until such assets are placed into service.