Property and Equipment, net

3 Months Ended

Mar. 27, 2018

Property Plant And Equipment [Abstract]

Note 5—Property and Equipment, net

Property and equipment consists of the following (amounts in thousands):

	March 27,			December 26,
	2018			2017
Leasehold improvements	$	104,331		$	96,318
Equipment		59,277			53,563
Furniture and fixtures		26,145			24,702
Buildings under deemed landlord financing		17,534			13,966
Smallwares		2,061			1,899
Vehicles		2,378			2,209
Construction in progress		12,221			13,700
		223,947			206,357
Less: Accumulated depreciation and amortization		(71,900	)		(66,401	)
	$	152,047		$	139,956

Depreciation expense was $5.6 million and $4.2 million for the 13 weeks ended March 27, 2018 and March 28, 2017, respectively.

As a result of the application of build-to-suit lease guidance contained in ASC 840-40-55 Costs Incurred by a Lessee Prior to Entering into a Lease Agreement, the Company has determined that it was the accounting owner of a total of 28 buildings under deemed landlord financing as of March 27, 2018 and the accounting owner of a total of 25 buildings under deemed landlord financing as of December 26, 2017, and they are included in the Company’s property and equipment, respectively. Included in the buildings under deemed landlord financing is the estimated construction costs of the landlord for the shell building.