FIXED ASSETS

12 Months Ended

Oct. 03, 2020

Property, Plant and Equipment [Abstract]

Fixed assets consist of the following:


	October 3, 2020		September 28, 2019
	(in thousands)
Land and building	$	18,033	$	18,029
Leasehold improvements	40,777		53,570
Furniture, fixtures and equipment	39,085		38,207
Construction in progress	1,352		—
	99,247		109,806
Less: accumulated depreciation and amortization	61,565		62,025
Fixed Assets - Net	$	37,682	$	47,781

Depreciation and amortization expense related to fixed assets for the years ended October 3, 2020 and September 28, 2019 was $3,910,000 and $5,056,000, respectively.

Management continually evaluates unfavorable cash flows, if any, related to underperforming restaurants. Periodically it is concluded that certain properties have become impaired based on their existing and anticipated future economic outlook in their respective markets. In such instances, we may impair assets to reduce their carrying values to fair values. Estimated fair values of impaired properties are based on comparable valuations, cash flows and/or management judgment. As a result of the underperformance and increased competition at Clyde Frazier's Wine and Dine, the Company has recorded an impairment charge of $2,857,000 in fiscal 2019 related to this property.