Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Dec. 26, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment, Net
Property and equipment consist of the following at December 26, 2021 and December 27, 2020 (in thousands):
December 26, 2021 December 27, 2020
Land $ 41,850  $ 41,850 
Buildings 98,675  97,550 
Leasehold improvements 684,235  682,449 
Furniture, fixtures, and equipment 405,387  403,051 
Construction in progress 8,866  5,086 
Property and equipment, gross $ 1,239,013  $ 1,229,986 
Accumulated depreciation and amortization (852,677) (802,953)
Property and equipment, net $ 386,336  $ 427,033 
Depreciation and amortization expense on property and equipment was $80.5 million in 2021, $83.2 million in 2020, and $87.4 million in 2019.
On January 25, 2022 the Company entered into a purchase and sale agreement to sell a location where the Company owns the real estate, contingent upon the completion of customary due diligence. If completed, this sale will result in a material gain during 2022.