Property and Equipment

12 Months Ended

Dec. 30, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment:



	December 30, 2018			December 31, 2017
	(in thousands)
Land	$	50,135		$	50,135
Buildings	61,378			56,415
Leasehold improvements	474,210			453,167
Game and ride equipment	263,689			250,139
Furniture, fixtures and other equipment	159,560			150,505
Buildings leased under capital leases	15,061			15,067
	1,024,033			975,428
Less accumulated depreciation and amortization	(495,125		)	(414,245		)
Net property and equipment in service	528,908			561,183
Construction in progress	10,277			8,838
Property and equipment, net	$	539,185		$	570,021

Buildings includes certain venues leased under capital leases. Accumulated amortization related to these assets was $5.0 million and $4.0 million as of December 30, 2018 and December 31, 2017, respectively. Amortization of assets under capital leases is included in “Depreciation and amortization” in our Consolidated Statements of Earnings.

We procure games, rides and other entertainment-related equipment from a limited number of suppliers, some of which are located in China.

Asset Impairments

During Fiscal 2018, we recognized an asset impairment charge of $6.9 million primarily related to eight venues, of which one was previously impaired. During Fiscal 2017 and Fiscal 2016, we recognized asset impairment charges of $1.8 million and $1.6 million, respectively, primarily related to five venues and five venues, respectively. These impairment charges were the result of a decline in the venues’ financial performance, primarily related to various economic factors in the markets in which the venues are located. As of December 30, 2018, the aggregate carrying value of the property and equipment at impaired venues, after the impairment charges, was $4.5 million for venues impaired in 2018.