Annual report pursuant to Section 13 and 15(d)

Note 7 - Property and Equipment, Net

v3.7.0.1
Note 7 - Property and Equipment, Net
12 Months Ended
Dec. 25, 2016
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
 
(7)
Property and Equipment, net
 
Property and equipment consists of the following (amounts in thousands):
 
 
 
December 25,
 
 
December 27,
 
 
 
2016
 
 
2015
 
Land
  $
616
    $
917
 
Building and building improvements
   
23,880
     
24,451
 
Equipment
   
36,741
     
33,931
 
Computer equipment
   
9,680
     
10,069
 
Furniture and fixtures
   
20,261
     
17,970
 
Leasehold improvements
   
130,345
     
117,364
 
Construction-in-progress
   
14,335
     
8,644
 
     
235,858
     
213,346
 
Less accumulated depreciation
   
(132,817
)    
(125,362
)
    $
103,041
    $
87,984
 
 
As discussed in Note
(3),
during the
third
quarter of fiscal year
2014,
the Company recognized an
$8.0
million impairment loss on long-lived assets (primarily leasehold improvements) related to Mitchell’s Restaurants. In addition, during the
fourth
quarter of fiscal year
2014,
the Company recognized a
$1.8
million loss on the pending sale related to Mitchell’s Restaurants. These impairment losses were reclassified to discontinued operations when the restaurants were held for sale.