Property and Equipment

12 Months Ended

Jan. 01, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment:



	Successor
	January 1, 2017			January 3, 2016
	(in thousands)
Land	$	50,135		$	50,135
Buildings	54,808			52,637
Leasehold improvements	435,691			417,174
Game and ride equipment	212,049			186,602
Furniture, fixtures and other equipment	134,216			116,418
Buildings leased under capital leases	15,062			16,109
	901,961			839,075
Less accumulated depreciation and amortization	(328,369		)	(224,124		)
Net property and equipment in service	573,592			614,951
Construction in progress	19,294			14,096
Property and equipment, net	$	592,886		$	629,047

Buildings leased under capital leases consists of buildings for our venues. Accumulated amortization related to these assets was $2.9 million and $2.0 million as of January 1, 2017 and January 3, 2016, respectively. Amortization of assets under capital leases is included in “Depreciation and amortization” in our Consolidated Statements of Earnings.

Total depreciation and amortization expense was $119.6 million, $119.3 million, $118.6 million, and $9.9 million for Fiscal 2016, Fiscal 2015, the 317 day period ended December 28, 2014, and the 47 day period ended February 14, 2014, respectively, of which, $6.3 million, $4.1 million, $2.7 million, and $0.2 million, respectively, was included in “General and administrative expenses” in our Consolidated Statements of Earnings.

Asset Impairments

During Fiscal 2016, we recognized an asset impairment charge of $1.6 million primarily related to five venues. During Fiscal 2015, we recognized an asset impairment charge of $0.9 million primarily related to four venues. We closed two of the venues impaired in Fiscal 2015. These impairment charges were the result of a decline in the venues’ financial performance, primarily related to various economic factors in the markets in which the venues are located. As of January 1, 2017, the aggregate carrying value of the property and equipment at impaired venues, after the impairment charges, was $0.9 million for venues impaired in 2016.