The costs and related accumulated depreciation and amortization of major classes of property are as follows (in thousands):

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 25, 2024

Land

$

12,323

$

12,323

Buildings and improvements

 

153,049

 

152,410

Other property and equipment

 

77,802

 

91,352

Construction in progress

 

22,799

 

9,882

 

265,973

 

265,967

Less: accumulated depreciation and amortization

 

(168,930)

 

(179,818)

$

97,043

$

86,149

Historical Timeline

Fiscal YearFiled
2025Mar 13, 2026Showing above
2024Mar 7, 2025
2023Mar 8, 2024
2022Mar 10, 2023
2020Mar 15, 2021
2019Mar 6, 2020
2017Mar 9, 2018
2016Mar 10, 2017
2015Mar 11, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.