Property and Equipment, Net

12 Months Ended

Dec. 28, 2014

Property, Plant and Equipment [Abstract]

(3)

Property and Equipment, Net

Property and equipment, net, consist of the following:


		December 28, 2014			December 29, 2013
		(In thousands)
Furniture, equipment and internal-use software	$		142,561	$		134,740
Leasehold improvements			143,056			134,151

			285,617			268,891
Accumulated depreciation and amortization			(211,422)			(195,910)

			74,195			72,981
Assets not placed into service ⁽¹⁾			4,245			2,627

Property and equipment, net	$		78,440	$		75,608

⁽¹⁾ Includes internal-use software development costs of $2.7 million related to the development of a new point-of-sale system at December 28, 2014, and $1.6 million related to the development of the Company’s e-commerce initiative at December 29, 2013.

Depreciation expense associated with property and equipment, including assets leased under capital leases, was $10.0 million, $10.0 million and $10.1 million for fiscal 2014, 2013 and 2012, respectively. Amortization expense for leasehold improvements was $11.5 million, $10.2 million and $8.8 million for fiscal 2014, 2013 and 2012, respectively. The gross cost of equipment under capital leases, included above, was $8.5 million and $9.8 million as of December 28, 2014 and December 29, 2013, respectively. The accumulated amortization related to these capital leases was $5.9 million and $6.0 million as of December 28, 2014 and December 29, 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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