Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 29, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company’s fixed assets are depreciated using the following estimated useful lives:


			Useful Life
Furniture, fixtures and equipment			2 - 7 years
Leasehold improvements			10 - 25 years
Buildings and building improvements			10 - 35 years
Computer software and hardware			3 - 7 years
Land			Indefinite

Fixed assets as of December 29, 2022 and December 30, 2021 consisted of the following:


in thousands	December 29, 2022		December 30, 2021
Leasehold improvements	$	653,151	$	488,713
Furniture, fixtures, and equipment	350,556		298,519
Buildings and building improvements (1)	315,343		133,493
Computer software and hardware	158,519		173,249
Land	86,927		80,509
Construction in process (2)	145,709		165,286
Fixed assets, at cost	1,710,205		1,339,769
Less: accumulated depreciation and amortization	452,149		410,686
Fixed assets, net	$	1,258,056	$	929,083

(1) Represents buildings and building improvements on land that the Company owns as well as on land that the Company is leasing through ground leases.

(2) To conform to the current period presentation, fixed assets by category for the fiscal year ended December 30, 2021 has been updated within this table to present construction in process as a separate category.

Schedule of Finite-Lived Intangible Assets

In accordance with ASC 350, Intangibles—Goodwill and Other, identifiable intangible assets with finite lives are amortized over their estimated useful lives. The estimated lives of the Company’s finite-lived intangible assets are as follows:


			Useful Life
Customer relationships			12 years
Non-compete agreement			5 years

The gross carrying amount and accumulated amortization of other intangible assets as of December 29, 2022 and December 30, 2021 are as follows:


	December 29, 2022						December 30, 2021
in thousands	Gross carrying amount (1)		Accumulated amortization		Net carrying value		Gross carrying amount (1)		Accumulated amortization		Net carrying value
Amortizable intangible assets:
Customer relationships	$	38,216	$	(4,728)	$	33,488	$	34,900	$	(1,697)	$	33,203
Non-compete agreement	300		(104)		196		300		(37)		263
Total amortizable intangible assets	38,516		(4,832)		33,684		35,200		(1,734)		33,466
Indefinite-lived intangible assets:
Trade names	118,669		—		118,669		118,469		—		118,469
Total intangible assets:	$	157,185	$	(4,832)	$	152,353	$	153,669	$	(1,734)	$	151,935

(1) Refer to Note 14, “Acquisitions” for details related to intangible assets acquired during fiscal 2022 and fiscal 2021.