Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.3
Property and Equipment
12 Months Ended
Sep. 28, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 8—Property and Equipment

Property and equipment consist of the following (in thousands):

 

 

 

September 28, 2024

 

 

September 30, 2023

 

Land

 

$

5,401

 

 

$

5,401

 

Buildings and improvements

 

 

10,141

 

 

 

10,063

 

Vehicles, machinery and equipment

 

 

44,925

 

 

 

42,663

 

Leasehold improvements

 

 

199,402

 

 

 

200,968

 

Office furniture, computers and software

 

 

115,129

 

 

 

178,733

 

Construction in process

 

 

9,886

 

 

 

12,389

 

Equipment under finance lease

 

 

565

 

 

 

 

 

 

$

385,449

 

 

$

450,217

 

Less: accumulated depreciation and amortization

 

 

(287,002

)

 

 

(359,932

)

Total

 

$

98,447

 

 

$

90,285

 

Depreciation and amortization expense on property and equipment was $29.2 million, $29.8 million, and $27.8 million in fiscal 2024, 2023, and 2022, respectively. Construction in process primarily consisted of leasehold improvements related to new or remodeled locations where construction had not been completed by the end of the period and internal use software as of September 28, 2024 and September 30, 2023.

Capitalized software additions placed into service were $2.1 million, $5.2 million, and $6.5 million in fiscal 2024, 2023, and 2022, respectively. Amortization expense on capitalized software was $3.9 million, $4.9 million, and $6.1 million in fiscal 2024, 2023, and 2022, respectively. Capitalized software accumulated amortization totaled approximately $19.2 million and $22.0 million as of September 28, 2024 and September 30, 2023, respectively. Capitalized software and development costs remaining to be amortized were approximately $6.0 million and $11.6 million as of September 28, 2024 and September 30, 2023, respectively.