Additional Balance Sheet Information

12 Months Ended

Dec. 27, 2018

Balance Sheet Related Disclosures [Abstract]

Additional Balance Sheet Information

5. Additional Balance Sheet Information

	December 27, 2018		December 28, 2017
	(in thousands)
Trade receivables, net of allowances of $361 and $161, respectively	$	8,538	$	11,247
Other receivables		17,146		15,983
	$	25,684	$	27,230

The composition of property and equipment, which is stated at cost, is as follows:

	December 27, 2018		December 28, 2017
	(in thousands)
Land and improvements	$	150,122	$	146,887
Buildings and improvements		771,191		759,166
Leasehold improvements		98,885		93,451
Furniture, fixtures and equipment		362,201		351,879
Construction in progress		12,513		5,269
		1,394,912		1,356,652
Less accumulated depreciation and amortization		554,869		496,588
	$	840,043	$	860,064

The composition of other assets is as follows:

	December 27, 2018		December 28, 2017
	(in thousands)
Favorable lease right	$	8,818	$	9,152
Intangible assets		890		1,040
Split dollar life insurance policies		11,411		10,771
Other assets		11,981		12,318
	$	33,100	$	33,281

The Company’s $13,353,000 favorable lease right is being amortized over the expected term of the underlying lease of 40 years and is expected to result in amortization of $334,000 in each of the five succeeding fiscal years. Accumulated amortization of this favorable lease right was $4,535,000 and $4,201,000 as of December 27, 2018 and December 28, 2017, respectively.

The intangible assets include the value of in-place leases and favorable lease rights related to Ronnie’s Plaza, which are being amortized over the terms of the leases ranging from one to 13 years as of December 27, 2018.