Annual report [Section 13 and 15(d), not S-K Item 405]

Fixed Assets

v3.25.4
Fixed Assets
 12 Months Ended
Dec. 25, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets Fixed Assets
Fixed assets as of December 25, 2025 and December 26, 2024 consisted of the following:
in thousands December 25,
2025		 December 26,
2024
Leasehold improvements $ 929,217  $ 892,485 
Buildings and improvements (1)
831,719  718,234 
Furniture, fixtures, and equipment 358,603  462,882 
Computer software and hardware 186,107  241,870 
Land 128,494  123,381 
Construction in process
 101,972  115,471 
Fixed assets, at cost 2,536,112  2,554,323 
Less: accumulated depreciation and amortization 679,985  767,736 
Fixed assets, net $ 1,856,127  $ 1,786,587 
(1)Represents buildings and improvements on land that the Company owns as well as on land that the Company is leasing through ground leases.
Depreciation and amortization on fixed assets for the fiscal years ended December 25, 2025, December 26, 2024, and December 28, 2023 was $233.5 million, $225.9 million, and $195.8 million, respectively.