Property and Equipment

12 Months Ended

Dec. 29, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment:

	December 29, 2019			December 30, 2018
	(in thousands)
Land	$	50,135		$	50,135
Buildings	67,178			61,378
Leasehold improvements	495,948			474,210
Game and ride equipment	277,125			263,689
Furniture, fixtures and other equipment	170,710			159,560
Buildings leased under finance leases	15,063			15,061
	1,076,159			1,024,033
Less accumulated depreciation and amortization	(570,423		)	(495,125		)
Net property and equipment in service	505,736			528,908
Construction in progress	7,581			10,277
Property and equipment, net	$	513,317		$	539,185

Buildings includes certain venues leased under finance leases. Accumulated amortization related to these assets was $6.0 million and $5.0 million as of December 29, 2019 and December 30, 2018, respectively. Amortization of assets under finance leases is included in “Depreciation and amortization” in our Consolidated Statements of Earnings. See Note 7. “Leases” for further discussion of finance leases.

Asset Impairments

During Fiscal 2019, we recognized a property and equipment impairment charge of $19.5 million, primarily related to 16 venues, of which one was previously impaired. During Fiscal 2018 and Fiscal 2017, we recognized property and equipment asset impairment charges of $6.9 million and $1.8 million, respectively, primarily related to eight venues and five venues, respectively. 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 December 29, 2019, the aggregate carrying value of the property and equipment at impaired venues, after the impairment charges, was $7.8 million for venues impaired in 2019.