BWLD » Topics » (3) Property and Equipment

These excerpts taken from the BWLD 10-K filed Feb 27, 2009.

     (i) Property and Equipment

          Property and equipment are recorded at cost. Leasehold improvements, which include the cost of improvements funded by landlord incentives or allowances, are amortized using the straight-line method over the lesser of the term of the lease, without consideration of renewal options, or the estimated useful lives of the assets, which typically range from five to ten years. Buildings are depreciated using the straight-line method over the estimated useful life, which ranges from ten to twenty years. Furniture and equipment are depreciated using the straight-line method over the estimated useful lives of the assets, which range from two to eight years. Maintenance and repairs are expensed as incurred. Upon retirement or disposal of assets, the cost and accumulated depreciation are eliminated from the respective accounts and the related gains or losses are credited or charged to earnings.

          We review property and equipment, along with other long-lived assets, quarterly to determine if the carrying value of these assets may not be recoverable based on estimated future undiscounted cash flows. Assets are reviewed at the lowest level for which cash flows can be identified, which is the individual restaurant level. In determining future cash flows, significant estimates are made by us with respect to future operating results of each restaurant over its remaining lease term. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Fair value is generally determined by estimated discounted future cash flows.

(3) Property and Equipment

          Property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

December 28,
2008

 

December 30,
2007

 

Construction in process

 

$

10,703

 

$

1,851

 

Buildings

 

 

6,639

 

 

1,601

 

Furniture, fixtures, and equipment

 

 

95,460

 

 

69,962

 

Leasehold improvements

 

 

122,796

 

 

96,315

 

 

 

 

235,598

 

 

169,729

 

Less accumulated depreciation

 

 

(81,166

)

 

(66,987

)

 

 

$

154,432

 

$

102,742

 

     (i)
Property and Equipment



          Property
and equipment are recorded at cost. Leasehold improvements, which include the
cost of improvements funded by landlord incentives or allowances, are amortized
using the straight-line method over the lesser of the term of the lease,
without consideration of renewal options, or the estimated useful lives of the
assets, which typically range from five to ten years. Buildings are depreciated
using the straight-line method over the estimated useful life, which ranges from
ten to twenty years. Furniture and equipment are depreciated using the
straight-line method over the estimated useful lives of the assets, which range
from two to eight years. Maintenance and repairs are expensed as incurred. Upon
retirement or disposal of assets, the cost and accumulated depreciation are
eliminated from the respective accounts and the related gains or losses are
credited or charged to earnings.



          We
review property and equipment, along with other long-lived assets, quarterly to
determine if the carrying value of these assets may not be recoverable based on
estimated future undiscounted cash flows. Assets are reviewed at the lowest
level for which cash flows can be identified, which is the individual
restaurant level. In determining future cash flows, significant estimates are
made by us with respect to future operating results of each restaurant over its
remaining lease term. If such assets are considered impaired, the impairment to
be recognized is measured by the amount by which the carrying amount of the
assets exceeds the fair value of the assets. Fair value is generally determined
by estimated discounted future cash flows.



(3) Property and Equipment



          Property
and equipment consisted of the following:





























































































 



 



 



 



 



 



 



 



 



 



December 28,

2008




 



December 30,

2007




 



Construction
in process



 



$



10,703



 



$



1,851



 



Buildings



 



 



6,639



 



 



1,601



 



Furniture,
fixtures, and equipment



 



 



95,460



 



 



69,962



 



Leasehold
improvements



 



 


122,796




 


 


96,315




 


 



 



 



235,598



 



 



169,729



 



Less
accumulated depreciation



 



 


(81,166




)



 


(66,987




)



 


 



$



154,432




 


$



102,742




 



This excerpt taken from the BWLD 10-K filed Mar 28, 2005.

(3) Property and Equipment

 

Property and equipment consists of the following:

 

     As of

 
    

December 28,

2003


   

December 26,

2004


 

Construction in process

   $ 1,080     3,088  

Leasehold improvements

     37,899     51,736  

Furniture, fixtures, and equipment

     27,541     36,296  
    


 

       66,520     91,120  

Less accumulated depreciation

     (22,070 )   (31,471 )
    


 

     $ 44,450     59,649  
    


 

 

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