Property

12 Months Ended

Dec. 29, 2021

Property, Plant and Equipment [Abstract]

Property, net consisted of the following:


	December 29, 2021		December 30, 2020
	(In thousands)
Land	$	43,742	$	36,815
Buildings and leasehold improvements	163,264		160,842
Other property and equipment	36,006		35,080
Total property	243,012		232,737
Less accumulated depreciation	151,836		146,583
Property, net	$	91,176	$	86,154

The following table reflects the property assets, included in the table above, and buildings with finance leases which were leased to franchisees:


	December 29, 2021		December 30, 2020
	(In thousands)
Land	$	25,192	$	25,192
Buildings and leasehold improvements	69,656		69,656
Total property owned, leased to franchisees	94,848		94,848
Less accumulated depreciation	60,674		59,038
Property owned, leased to franchisees, net	34,174		35,810
Buildings held under finance leases, leased to franchisees	8,060		8,062
Less accumulated amortization	4,781		4,137
Property held under finance leases, leased to franchisees, net	3,279		3,925
Total property leased to franchisees, net	$	37,453	$	39,735

Depreciation expense, including amortization of property under finance leases, for 2021, 2020 and 2019 was $13.3 million, $13.2 million and $16.3 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 9.