Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Fixed Assets The Company’s fixed assets are depreciated using the following estimated useful lives:
Useful Life
Furniture, fixtures and equipment
2 - 7 years
Leasehold improvements
10 - 25 years
Buildings and building improvements
10 - 40 years
Computer software and hardware
3 - 7 years
Land Indefinite
Fixed assets as of December 30, 2021 and December 31, 2020 consisted of the following:
in thousands December 30,
2021		 December 31,
2020
Furniture, fixtures, and equipment $ 494,743  $ 259,696 
Leasehold improvements 465,429  380,671 
Computer software and hardware 173,046  138,321 
Buildings and building improvements (1) 126,042  65,552 
Land 80,509  30,731 
Fixed assets, at cost 1,339,769  874,971 
Less: accumulated depreciation and amortization 410,686  295,612 
Fixed assets, net $ 929,083  $ 579,359 
(1)    Represents buildings and building improvements on land that the Company owns as well as on land that the Company is leasing through ground leases.
Schedule of Finite-Lived Intangible Assets
In accordance with ASC 350, Intangibles—Goodwill and Other, identifiable intangible assets with finite lives are amortized over their estimated useful lives. The estimated lives of the Company’s finite-lived intangible assets are as follows:
Useful Life
Customer relationships 12 years
Non-compete agreement 5 years
The gross carrying amount and accumulated amortization of other intangible assets as of December 30, 2021 and December 31, 2020 are as follows:
December 30, 2021 December 31, 2020
in thousands Gross carrying amount Accumulated amortization Net carrying value Gross carrying amount Accumulated amortization Net carrying value
Amortizable intangible assets:
Customer relationships $ 34,900  $ (1,697) $ 33,203  $ —  $ —  $ — 
Non-compete agreement
 300  (37) 263  —  —  — 
Total amortizable intangible assets 35,200  (1,734) 33,466  —  —  — 
Indefinite-lived intangible assets:
Trade names 118,469  —  118,469  109,269  —  109,269 
Total intangible assets: $ 153,669  $ (1,734) $ 151,935  $ 109,269  $ —  $ 109,269