XML 44 R23.htm IDEA: XBRL DOCUMENT v3.22.0.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 25, 2021
Accounting Policies [Abstract]  
Estimated useful lives of property, plant and equipment
Property and Equipment

Property and equipment are initially recorded at cost.  Depreciation is recorded using the straight-line method over the estimated useful lives of the assets.  Improvements to leased premises are amortized using the straight-line method over the remaining term of the lease or the useful life of the improvement, whichever is less. The following table summarizes the Company's property and equipment balances and includes the estimated useful lives which are generally applied (in thousands, except estimated useful lives):
 Estimated Useful LivesDecember 25,
2021
December 26,
2020
Land$100,129 $100,138 
Buildings and improvements1 – 35 years1,517,052 1,319,559 
Furniture, fixtures and equipment5 – 10 years900,272 773,178 
Computer software and hardware2 – 7 years694,455 563,509 
Construction in progress211,486 73,950 
Property and equipment, gross3,423,394 2,830,334 
Accumulated depreciation and amortization(1,805,588)(1,581,374)
Property and equipment, net$1,617,806 $1,248,960 
Industrial Revenue Bonds The terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows, as of December 25, 2021:
Bond Term
Bond Authorized Amount
(in millions)
Amount Drawn
(in millions)
Franklin, Kentucky Distribution Center30 years$54.0$51.8
Macon, Georgia Distribution Center15 years$58.0$58.0
Brentwood, Tennessee Store Support Center10 years$78.0$75.3
Navarre, Ohio Distribution Center30 years$90.0$—