Property

12 Months Ended

Dec. 28, 2022

Property, Plant and Equipment [Abstract]

Property, net consisted of the following:


	December 28, 2022		December 29, 2021
	(In thousands)
Land	$	42,374	$	43,742
Buildings and leasehold improvements	164,782		163,264
Other property and equipment	40,647		36,006
Total property	247,803		243,012
Less accumulated depreciation	153,334		151,836
Property, net	$	94,469	$	91,176

The following table reflects the property assets, included in the table above, and buildings with finance leases which were leased to franchisees:


	December 28, 2022		December 29, 2021
	(In thousands)
Land	$	23,825	$	25,192
Buildings and leasehold improvements	67,283		69,656
Total property owned, leased to franchisees	91,108		94,848
Less accumulated depreciation	57,253		60,674
Property owned, leased to franchisees, net	33,855		34,174
Buildings held under finance leases, leased to franchisees	7,047		8,060
Less accumulated amortization	4,339		4,781
Property held under finance leases, leased to franchisees, net	2,708		3,279
Total property leased to franchisees, net	$	36,563	$	37,453

Depreciation expense, including amortization of property under finance leases, for 2022, 2021 and 2020 was $12.8 million, $13.3 million and $13.2 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 10.