Property and Equipment, Net

12 Months Ended

Mar. 28, 2020

Property and Equipment, Net

Property and Equipment, Net

5. Property and Equipment, Net

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

	March 28,		March 30,
	2020		2019
Land	$	—	$	2,530
Buildings		—		7,998
Leasehold improvements		59,717		62,910
Machinery and equipment		31,767		31,825
Furniture and fixtures		69,143		59,917
Construction in progress		9,738		3,751
Vehicles		1,367		1,480
		171,732		170,411
Less: Accumulated depreciation		(62,129)		(71,748)
Property and equipment, net	$	109,603	$	98,663

Depreciation expense was $21.2 million, $18.3 million, and $16.0 million for fiscal years 2020, 2019, and 2018, respectively. Beginning in fiscal 2020, as a result of the adoption of ASC 842, amortization related to assets under finance leases is included in cost of goods sold rather than depreciation expense (see Note 11 “Leases”). Additionally, as a result of the adoption of ASC 842, land and buildings that were previously classified as property and equipment, net, have been reclassified to finance lease right-of-use assets in fiscal 2020.